In conjunction with ongoing efforts to help share supply chain management information related to the ongoing COVID-19 Coronavirus outbreak, we call reader attention to recently released member survey research data from The Electronic Components Industry Association (ECIA).
This industry association has conducted a number of member surveys and the latest was conducted between Monday, March 2 and Friday, March 6. Members are noted as 6000 industry participants, 85 percent of which are located in China
According to the report release: “… it appears that the largest number of companies with visibility on the supply chain expect the impact of the crisis to be moderate and the disruption to last until somewhere between the end of April and the end of May.” The report further adds: “However, it appears that lead times are expected to increase on average 2 to 3 weeks for electronic components.”
As our readers are aware, electronic are not only a supply network lifeline for high tech and consumer electronics manufacturers, but increasingly automotive, medical device and other equipment industries who rely on the supply of assembled electronic displays and other control components.
ECIA Chief Analyst Dale Ford indicated in the Executive Summary of the latest survey: “Reports indicate that factories in China are returning to normal levels and workers are returning. Unfortunately, the spread of the virus has triggered panic on many levels around the world and this has exacerbated the crisis.”
Needless to state, multi-industry supply chain planners need to factor some of this information, especially lead time expansion, into the planning expectations for electronic components.
Readers can access the recording and slides of the latest webinar summarizing this study at this ECIA Resource web page.