Supply Chain Resilience Requires Recognized Vulnerability & Loss
Future-Proof Your Global Supply Chain Did you know that supply chain disruptions equate to 45% of yearly earnings, in loss? (McKinsey study, 2020) Supply chains are growing more and more complex as companies continue to expand their presence around the world in pursuit of margin…
China Conducts Missile Drills Near Taiwan
On Wednesday, August 3rd, China launched 11 missiles into waters surrounding Taiwan’s northeast and southwest coast just hours after US House Speaker, Nancy Pelosi, had concluded her visit to Taiwan. China has not shown a display of military power like this in over 25 years. China’s reprisal…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Live Updates: Russia’s Invasion of Ukraine
How the War in Ukraine is Impacting Global Supply Chain Shortages A complete coverage of the impact of Russia’s invasion of Ukraine on the global electronics manufacturing and distribution market. Subscribe Now August 04, 2022 US Sanctions Target Russian Defense & Gold Imports Ukraine has…
U.S. Congress Passes CHIPS Act
The United States Congress has passed the CHIPS and Science Act, paving the way for a stronger presence of the semiconductor industry in America with billions earmarked for investment. According to the Semiconductor Industry Association, the overall share of modern semiconductor manufacturing capacity located in…
Event | Industry News | Ukraine/Russia Conflict
List of Companies Ending Their Business with Russia
Under pressure from investors and consumers, a growing number of companies are unwinding their investments within Russia: closing stores, pausing sales and services, temporarily cutting ties, or suspending shipments. Here’s a look at some companies from various electronics, automotive, and tech industries that have suspended,…
Event | Industry News | Ukraine/Russia Conflict
European Union Bans Russian Crude Oil
On Monday, May 30, 2022, European Union leaders banned the import of Russian oil to their entire 27 member nations. Over two-thirds of all Russian oil exports go to the EU and would be a devastating blow to the Russian economy. 90% of all…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
UK Sanctions Target Russia Precious Metals
May 27, 2022 – The United Kingdom announced a 35% tariff on all platinum and palladium imports from Russia and Belarus, targeting over £1.7 billion of trade. This new round of sanctions is intended to put increased pressure on Russia and further weaken the military…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russia Suspends Finland’s Gas Supply
May 26, 2022 – Russia has terminated gas supplies to Finland, the third country to be boycotted by Russian gas giant Gazprom to-date, after the country refused to make its payment in the Russian Ruble. TIP: Check out our Live Updates Blog to get current news…
Event | Industry News | Supply Chain
Earthquakes Impact Taiwan Manufacturing
April 27, 2022 – A series of earthquakes have rocked Taiwan over the past several weeks. Most notably, Hualien, a large city on Taiwan’s east coast, was struck by a 6.7 magnitude quake that left one person injured and impacted the structural integrity of the Yuxing Bridge, causing it to collapse….
COVID-19 Impact Updates | Event | Industry News | Supply Chain
List of China’s Factories Impacted By COVID-19 Surge
April 21, 2022 – Global concern continues to mount as COVID-19 spreads across China and city lockdowns shutdown factories. Production out of China has come grinding to a halt. Due to China’s Zero-COVID policy, factories and manufacturing hubs have been shut down, stranding ships in port…