Market-Intel Newsletter #6
Automotive suppliers face down another difficult year?as industry macro conditions remain volatile and growing electric vehicle (EV) volumes add significant operational complexity, reports consultants?Alvarez & Marsal (A&M).?
“North American automakers eliminated approximately 344,000 vehicles from their 2023 worldwide production plans in March because of further escalation in the ongoing global microchip shortage, according to AutoForecast Solutions (AFS),” writes A&M.
“The updated estimate more than triples the previous year-to-date total losses to approximately 478,000 vehicles for the region, causing manufacturers to frontload production cuts for the year. AFS still expects approximately 2.8 million vehicles will be cut from production plans for lack of chips in 2023, down from 4.38 million in 2022 and 10.56 million in 2021.
“Counterfeiters take advantage of people who are in a hurry and looking for quick answers. Take some time to understand what’s going on—and to look for solutions that don’t require making a risky buy from an unknown supplier,” reports?EPS News.
One of the best ways to understand what’s going on is to understand the full range of counterfeit standards. “Buyers need to educate themselves about the scope and focus of these different standards. There are?currently more than two dozen?that address various industries and areas of the supply chain.
Although German manufacturers are facing fewer material shortages, the supply situation is still far from ideal. According to an IFO survey, 41.6% of businesses reported issues in March, a decrease from 45.4% in February. Specifically, more than 60% of German companies in the sectors of machinery and equipment, electrical and electronics, and auto manufacturing reported difficulties obtaining raw materials and intermediate products.
“This easing will have a positive impact on industrial production in the months ahead,” Klaus Wohlrabe, head of surveys at ifo, told?Reuters. The?ifo?Institute (Leibniz Institute for Economic Research at the University of Munich) is a research institution based in Munich.
The “new normal” in electronics manufacturing is an everyday reality where lead times and pricing change daily, and fraught political tensions between powerhouse economies create uncertainty about whether supplier relationships can be counted on in the future, says?Electronics360.
What can you do? Among the most important is to develop strong relationships with key suppliers. “While it’s important to have a large pool of available suppliers, it’s also beneficial to cultivate strong working relationships with key suppliers so that they understand the business’ needs and can respond quickly when needed.”
A second tip is to Improve supply chain visibility. Visibility in the supply chain allows companies to have better control over their operations, enabling them to spot areas of risk and inefficiency quickly, as well as detect opportunities for improvement.
领英推荐
Semiconductor executives are optimistic about growth, with 81% projecting their company’s revenue will grow over the coming year, and half expect growth of more than 10 percent, according to the latest KPMG study.
The survey captures insights from 151 semiconductor executives about their outlook for the industry in 2023 and beyond. The Semiconductor Industry Confidence Index score is 56 for the upcoming year (a value above 50 indicates a more positive outlook than negative).
Global fab equipment spending is expected to decline 22% year-on-year from a record $98 billion in 2022 to $76 billion in 2023, before growing 21% year-on-year to $92 billion in 2024, according to?SEMI’s latest report.
Next year’s fab equipment spending recovery will be driven in part by the end of the semiconductor inventory correction in 2023 and strengthening demand for semiconductors in the high-performance computing (HPC) and automotive segments.
“This quarter’s SEMI World Fab Forecast update offers our first look ahead to 2024, highlighting the steady global expansion of fab capacity to support future semiconductor industry growth driven by the automotive and computing segments and a host of emerging applications,” said Ajit Manocha, SEMI president and CEO. “The report points to a healthy 21% uptick in equipment investment next year.”
The New–Tech 2023 Exhibition is the largest and major exhibition of the Hi–Tech & Electronics in Israel. More than 150 companies,?who lead these fields in Israel and around the world, will take part and exhibit in this trade show, which will be attended by thousands of visitors. Comeand meet our?Astute Electronics Ltd?team -?Neil Webkin?and?Ronen Moyal
16 May 2023, 09:00 - 16:00, Malmo Arena. Malm? is one of Sweden's fastest growing regions for the established industry as well as for start-ups and university projects. Come and meet our?Astute Electronics Ltd?team -?Mark Shanley,?Natalie Scammell,?Jay Hugill?and?Mikael Nordstr?m