The Logistician
  • Tiếng ViệtTiếng Việt
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Login
  • Register
No Result
View All Result
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
VIẾT BLOG
  • Tiếng ViệtTiếng Việt
  • Login
  • Register
No Result
View All Result
The Logistician
No Result
View All Result

The chip crisis could endure until 2023

Investor Paul Meeks warned that the global shortage of semiconductors could last several years, instead of months as expected.

edt292 by edt292
17/11/2021
in Blog
Cuộc khủng hoảng chip có thể kéo dài đến năm 2023

Image: Nhi Pham

HIGHLIGHTS:

  • The automotive industry has been hardest hit by chip shortages, leading some automakers to suspend production.
  • Other sectors such as smartphone, electric appliances, game consoles industry, etc have seen demand skyrocket.

FULL ARTICLE

“That could be a problem that lasts until 2023,” Paul Meeks, portfolio manager at Independent Solutions Wealth Management, told CNBC. According to him, Wall Street is underestimating the shortage of semiconductors globally.

Significant impact on the automotive sector

According to CNBC, chip shortages affect the automotive industry more than any other industry. Recently, many automakers have warned in their financial statements that chip shortages will worsen. Both Ford Motor and General Motors predict that the second quarter will be the hardest hit as they were forced to suspend operations due to a lack of needed parts.

Both Ford Motor and General Motors predict that the second quarter will be the hardest hit

The chip dilemma is occurring at a critical juncture in Daimler’s electric shift. The German carmaker debuted production-ready vehicles Mercedes-Benz EQE and EQB SUV, as well as the Smart Concept and Mercedes-Maybach EQS SUV Concept, at the Munich auto show. The Mercedes-Benz EQG Concept was also revealed, along with the forthcoming all-electric G-Class with four motors.

In early September, General Motors announced that the chip crisis had forced it to halt production at most of its assembly plants in North America including the CAMI Assembly plant in Canada, San Luis Potosi in Mexico, and Lansing Delta Township Assembly, Spring Hill Assembly.

The chip crisis forced General Motors to stop production at most of its assembly plants in North America

A variety of other sectors are affected

Chips are a vital component of every electronic device today, from PlayStation 5 machines to toothbrushes, washing machines, alarm clocks, cars, cell phones, home appliances, TVs, laptops, and many other goods. Demand for all of them has skyrocketed. Many people refer to this as the chip crisis, or “chipageddon.”

Chips are essential components in all electronic products

Meanwhile, Mr. Meeks at Independent Solutions Wealth Management emphasized that problems are getting worse in the coming year-end peak shopping season. Many consumers may be frustrated by not being able to purchase in time. “This will also deal a blow to suppliers of Christmas goods,” he warned.

Van Anh

FURTHER READING

Apple – The giant of the technology world also did not escape the chip crisis

Source: zingnews
Tags: crisissemiconductors

Related Posts

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

​​Shell and CMA CGM signed an agreement to supply LNG fuel in Singapore

01/07/2022
0
Private: TP Hồ Chí Minh xem xét chuyển đổi mục đích sử dụng một số khu công nghiệp sang logistics

Ho Chi Minh City considers converting some industrial parks into logistics

29/06/2022
0
Image: Thu Trang

DB Schenker’s agreement to acquire USA Truck

28/06/2022
0
Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

Finding new suppliers after the unprecedented “Chicken-rice crisis” in Singapore

22/06/2022
0
FedEx invests in FourKites to build intelligent supply chain platform

FedEx invests in FourKites to build intelligent supply chain platform

22/06/2022
0
LG Electronics “shake hand” with CJ Logistics to develop logistics robots

LG Electronics “shake hand” with CJ Logistics to develop logistics robots

19/06/2022
0

ĐỀ XUẤT NÊN ĐỌC

Thị trường vận tải hàng không sắp sửa bước vào đợt cao điểm mới

Air cargo market ‘going crazy’ as carriers prepare for a tight peak season

3 years ago
0
End Of An Era: Qantas To Retire Boeing 747s For Good

End Of An Era: Qantas To Retire Boeing 747s For Good

3 years ago
0
Giá cước vận chuyển tăng cao làm giảm sức cạnh tranh của các doanh nghiệp Việt trên trường quốc tế

High freight rates reduce the competitiveness of Vietnamese enterprises in the international market

1 year ago
0
FedEx invests in FourKites to build intelligent supply chain platform

FedEx invests in FourKites to build intelligent supply chain platform

9 months ago
0
ADVERTISEMENT

THẺ NỔI BẬT

ACQUISITIONaircraftairlinesamazonAppleblockchainBoeingchinaCMA CGMcontainerContainer shortageCovid-19covid19crisisDHLDP Worlde-commerceEVFTAexportfedexgoodsinfrastructureInvestmentLNGlogisticsLogistics centerM&Amaerskportport congestionRAILWAYRussiaRussia-Ukraineseasupply chainSupply chain disruptiontechnologyThai AirwaysthailandtransportusvietnamVietnam AirlineswalmartWarehouse
ADVERTISEMENT

TIN TỨC PHỔ BIẾN

  • Uniqlo Supply Chain Management

    Uniqlo Supply Chain Management

    0 shares
    Share 0 Tweet 0
  • Certificates that advance your career in Logistics and supply chain management

    0 shares
    Share 0 Tweet 0
  • How Aviation Fuel Differs From Regular Fuel

    0 shares
    Share 0 Tweet 0
  • Cross-docking: The key to Walmart’s great success

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube RSS
The Logistician

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

  • Login
  • Sign Up
  • What to read today?
  • Knowledge
  • Insight
  • Podcast
  • Blog
  • Document
  • Tiếng ViệtTiếng Việt

© 2021 Copyright The Logistician - Designed by Đông Đô Media.,JSC.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

-
00:00
00:00

Danh sách

Update Required Flash plugin
-
00:00
00:00