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Industry News | Supply Chain | Ukraine/Russia Conflict
Poland & Bulgaria cut off from Russian gas
Gas dependency in Europe could cause disruptions in factory production May 10, 2022 – Russia will halt gas supplies to Poland and Bulgaria after the two countries refused to pay for supplies in the Russian ruble. Both countries receive a substantial amount of their domestic…
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…
Event | Industry News | Supply Chain
Japanese Earthquake Cripples Manufacturing
April 8, 2022 – On March 16th, a 7.4 magnitude earthquake struck off the northeast coast of Japan in Fukushima, leaving thousands without power. This deadly earthquake caused over 225 casualties and halted major business and infrastructure systems such as railroad transportation and manufacturing plants….
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Technology Sector Targeted by US Sanctions
April 8, 2022 – The U.S. Department of Treasury recently issued a new round of sanctions on the Russian Federation in response to its invasion of Ukraine, this time targeting the Russian technology sector. This new round of sanctions targets 21 business entities and 13…
Product Updates | Supply Chain
Be Alerted to Inventory Changes
April 7, 2022 – Inventory monitoring helps companies identify which and how much stock to order at what time. It tracks inventory from purchase to the sale of goods. This identifies and responds to trends to ensure there’s always enough stock to fulfill customer orders…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Gold & Silver Banned from Global Markets
March 29, 2022 – Russian gold and silver refineries have been banned from the largest global trading markets in gold and silver. The London Bullion Market Association (LBMA) and the Chicago Merchantile Exchange (CME) have both announced a suspension on Russian gold and silver from…
One Missing Piece Can Ruin Your Design:
Avoid Costly Redesigns due to Obsolescence
Electronics design engineers would be thrown into despair if their complex, masterpiece design was foiled by a single missing piece such as an obsolete component. How Obsolescence Can Ruin Product Design Imagine the following scenario. You’re a lead design engineer creating an instrument panel for…
Industry News | Supply Chain | Ukraine/Russia Conflict
Ukraine Invasion Results in Raw Materials Price Surge
March 11, 2022 – The price of multiple raw materials, including Crude Oil, Palladium, Nickel, Aluminum, and Copper have skyrocketed to the highest they’ve been in the past decade as a result of Russia’s invasion of Ukraine. Russia and Ukraine have a dominant position in the…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Electronics Chipmakers Cut Ties With Russia
March 9, 2022 – Global chipmaking companies, including the giant Taiwan Semiconductor Manufacturing Company, have begun to sever ties with Russia. The United States and several of its allies have announced sanctions on Russia with the goal of limiting their military advancements by putting a…