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The United States is not the only country looking to shore up its domestic production of electronic components and semiconductors. According to Swarajya, India’s Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has announced a new government plan geared to the creation of $300 billion in electronics production by 2026. “The Government…
In a new but not unexpected development for supply chains, the first case of the Omicron COVID-19 variant has been identified in California. According to Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci, the individual in question had recently completed a trip to South Africa before the travel restrictions were…
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…
One of the common questions we receive at Partstat is who exactly are our Inventory Ownership Solutions designed for. Who is poised to take advantage of the benefits they offer, and are there any entities who are excluded from considering the service? This series of articles will try to clarify this question and highlight how…
The Yantian port in China has found itself in the recent news cycle as the latest example of disruption in the 2021 supply chain. In the Guangdong province, where Yantian is located, more than 150 COVID-19 cases have recently been reported, which has triggered the local governments to reinstate strict prevention and control measures. To…
2021 is not even half over, but already we have seen several glaring examples of just how fragile the modern supply chain really is. Irrespective of company size, product, or industry, one or more supply chain disruptions have the potential for disastrous consequences for manufacturers and other businesses. One example was recently seen with the…