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The Chip Shortage Cost Automobile Makers $210 Billion

The Chip Shortage Cost Automobile Makers $210 Billion

What’s Happening Now: The global automobile sector would lose $210 billion in revenue in 2021 due to a semiconductor chip scarcity The current prediction is roughly double the $110 billion expected in May Expectations of 7.7 million units of production to be lost in...
How the Semiconductor Shortage Is Impacting the Entire World

How the Semiconductor Shortage Is Impacting the Entire World

The pandemic sparked disruptions to supply chains, causing concern for keeping up with the growing demand. As the U.S. economy gathers steam, these issues will become even more worrisome. Semiconductors are one of the major examples of the shortage happening...
These Are the Top 3 Reasons Why the Chip Shortage Began

These Are the Top 3 Reasons Why the Chip Shortage Began

The technological world is empowered by a tiny chip that happens to be extremely difficult to get a hold of.  Everything from phones to cars have a chip, in order to operate. Even some of the least suspecting items have this chip, such as a refrigerator and...
What’s the Leverage of Value-Added Services?

What’s the Leverage of Value-Added Services?

Too many suppliers? Too much incertitude? Value-added services will address that. A complex puzzle is posed by the logistics of electronic product procurement. Many electronic components manufacturers have ventured into value-added services with a rapidly evolving...