NEWS + INSIGHTS

Global demand for cryptocurrencies is on the rise and a new wave of cryptomania has been triggered by major institutional investors joining the market.

As we move throughout Q2, we will see the impacts of unpredictable disruptions unfold as we deal with additional raw material shortages on the horizon.

Shortages have continued to worsen due to demand growth in various sectors like 5G, automotive and IoT, ongoing raw material shortages and catastrophes.

In the first half of 2020, the automotive industry took a hard hit from COVID-19 with demand nosediving, production shutdowns and allocation shifts focusing on telecommunications and industrial automation.

As the IC market shifts allocations to save automotive manufacturers, these segments will be hit hard as tight supply becomes even more constrained.

Rising demand should result in booming industries, but numerous shortages could stunt growth and leave manufacturers fighting over resources.

Global telecommunications companies are continuing the race to deploy the best 5G networks and technologies around the world.

As manufacturers re-open after COVID-19 related lockdowns, economic and supply chain disruptions may be felt beyond 2020. How companies shift in the short-term and plan for the long-term will be factors in defining “new normal” for the component industry.