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If there was any hope that the electronic component and semiconductor markets are on the upswing, many of those hopes were squashed in a recent CNBC interview with Intel CEO Pat Gelsinger. According to Gelsinger, he expects the semiconductor industry to face supply chain shortages until at least 2024. Gelsinger’s comments come following the release…
Inflation continues to rise at historic levels. According to the Consumer Price Index, inflation is increasing at its fastest pace in 40 years a reported 7.9% increase in February. The reasons for such a steep climb are varied and include the ongoing Russian invasion of Ukraine, which has among other things caused gas prices to…
Most people are familiar with the concept of inflation, a monetary phenomenon that occurs when individual currently loses its value. As a result, basic goods and services increase their prices to maintain profitability, while personal income such as wages often stay stagnant as individuals see their dollars stretching less and less. Taken to its extreme,…
Today’s supply chain disruptions are not only affecting manufacturing industries, but also everyday consumers trying to purchase anything from chicken to golf clubs. Global climate trends, natural disasters, geopolitical tensions, shipping freight delays, and other such issues are combining with the ongoing COVID-19 pandemic to create a perfect storm of challenges that makes 2021 one…
