By now many of us are deep in our planning for 2022. What factors should you consider as you think about the business conditions you face next year? Will 2022 be more of the same as 2021? Or will trends be more negative…or more positive?
chips
Global Chip Shortage Forces Cuts to iPhone Production
Foxconn, a Taiwanese company said to be the world’s largest contract manufacturer of electronics and Apple’s biggest supplier, announced on Tuesday that due to the global shortage of semiconductors they have been forced to reduce production of iPhones. It was a surprising admission of just how extensive the chip shortage has become – that it is impacting Apple, one of the biggest companies in the world with virtually unparalleled buying power.
See more on chip shortage impacting iPhones…
[Read more…] about Global Chip Shortage Forces Cuts to iPhone ProductionDisaster Strikes Supply Chain Again – Another Chip Factory Destroyed by Fire
Once again, disaster strikes at the heart of the supply chain as reports are only now emerging about another factory destroyed in a major fire on March 19th that forced yet another semiconductor (chip) fabrication plant (fab) off-line. The fire took out the first floor of the Renesas Electronics factory in Hitachinaka, Ibaraki Prefecture, Japan – just north of Tokyo, according to a report by the Nikkei.
See more on another factory destroyed by fire…
[Read more…] about Disaster Strikes Supply Chain Again – Another Chip Factory Destroyed by FireGlobal Chip Shortage Auto-Brakes Automakers Hard
A global supply chain shortage of key semiconductors has hit automakers around the world hard, like the automatic braking solution on self-driving cars. The shortage is so severe that auto makers are literally being forced to close factories for weeks as they wait for their supply of chips. As the industry is trying to rebound from a tough 2020, this situation has become so painful, some manufacturers are turning to politicians – asking them to pressure chip manufacturers to prioritize shipments to the auto industry.