As we approach the halfway point of 2022, this year is proving to be full of unpredictability, market turbulence, and industry uncertainty. From extended Covid-19 lockdowns in China to the conflict in Ukraine, the global market has faced a range of issues. Over the course of our Global Market Trends editorial series, Component Sense has examined the root causes of these supply chain difficulties, outlined the international industry response, and in our penultimate blog post, we discussed predictions for the future of the electronics industry. In this fourth and final instalment, Component Sense is getting more personal and offering our exclusive, expert-driven advice to customers and industry partners. All authorities agree that the market must inevitably crash: after all, the current high inflation rates, seemingly endless demand, and ever-increasing prices cannot last forever. So, how can Component Sense help you to navigate the choppy waters of the inevitable market downturn?
Component Sense Blog
At Component Sense, we value the importance of following global market trends and presenting up-to-date analyses to our customers. Parts One and Two of our Global Market Trends editorial series have investigated the reasons for current market trends, and detailed responses from our global industrial partners. In this third instalment, we are focusing on the most frequent forecasts and predictions for the future of supply chain management. Global industry leaders and analysts maintain that we are living in a period of “calm before the storm” — so what future is on the horizon for the international supply chain?
In our previous blog post, we outlined the reasons for the current market trends affecting our industry partners and customers. From chip shortages to congested shipping routes, the global supply chain is continuing to face extensive difficulties. So, we know why these trends are happening. But how is the international industry responding?
In the final months of 2019, global media outlets began to report on a mysterious new respiratory virus that had infected workers in the Chinese province of Wuhan. Western populations were not, at that time, overly concerned — the outbreak was too far away to threaten much damage. There had been outbreaks of localised diseases in this part of the world before without international repercussions. Surely, this too would pass.