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Bloomberg
Factories in Taiwan faced the longest delays on record in securing raw materials and components in February as they worked overtime to keep up with surging demand from clients overseas.
Manufacturers cited low stock levels at suppliers, a shortage of freight containers and delayed shipping schedules as main reasons for the biggest delays since records began nearly 17 years ago, according to a report by IHS Markit. This comes as the Purchasing Managers’ Index rose to 60.4 last month, the highest level since April 2010, fuelled by improved demand from China, Europe and the US.
“Supply chain delays remained severe due to limited stock at suppliers and container shortages,†IHS Markit Associate Director Annabel Fiddes said. “If this persists, it could limit production capabilities and delay the delivery of products to clients.â€