Supply Chain Shortages for Semiconductors to Last to 2024, Says Intel CEO

By Logan Wamsley

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…

The Problem with Just-In-Time Inventory

By Logan Wamsley

According to a recent study from commercial real-estate firm CBRE, nearly 96% of existing space in the U.S. is currently in use, and large companies are working quickly to adapt to a new but uncomfortable reality: space, where it can be found, is expensive. For today’s manufacturers, it’s not uncommon to pay up to 30%…

Supply Chains Brace for Omicron Variant Effects

By Logan Wamsley

The latest variant of the COVID-19 virus, dubbed the Omicron variant, has now gripped the globe, and governments around the world have been quick to respond. Although details regarding the severity of the variant are currently uncertain — although the scientists in South Africa who first discovered the variant say observed symptoms so far have…

New EIU Report Shows Scale of COVID-19 Impact on Supply Chains

By Logan Wamsley

In a new survey from Economist Intelligence Unit (EIU) with sponsorship from Citi, clarity has been given regarding which industries were hardest hit by the various supply chain disruptions in 2021 — most of which were directly related to the COVID-19 pandemic, CNBC reports. While some of the results were expected, the sheer scale of…