Robert Besser
02 Apr 2023, 10:35 GMT+10
WASHINGTON D.C.: Potentially hampering US efforts to arm Ukraine against Russia's invasion, rebuild local infrastructure and boost production, manufacturers of a wide variety of items, including pickup trucks to homes, are still grappling with tight supplies of microchips and cement, causing delays and higher costs.
However, experts warned that while supply chain issues are easing for retail-focused industries, shortages continue in key growth sectors, including automobiles, machinery, defense and non-residential construction.
"For sectors where demand is still strong, we are still seeing issues of materials shortages, and these problems will take additional time to resolve," noted Jason Miller, associate professor of logistics at Michigan State University's business school, as quoted by Reuters.
"One of the big issues, as we are trying to ramp up the military industrial base, is having enough electronic components," he added.
Before starting new production for Ukraine, companies that make weapons, such as Javelin and Stinger missiles, are awaiting US funding, after which their scramble to source semiconductors and other electronic components in short supply could cause a new series of supply chain issues, which could disrupt production and further increase costs.
"Any general shortage in semiconductors will affect defense," added Brad Martin, director of Rand Corp's National Security Supply Chain Institute, as reported by Reuters.
Issues have eased in some areas, with supplies of semiconductors for personal computers increasing after sales of new computers decreased as children returned to schools and their parents to offices.
However, an international shortage of cement, a key input for concrete used to build bridges, highways and factories, could slow federally-funded infrastructure projects and US-led semiconductor and green energy factory programs.
Additionally, ongoing demand for auto and farm equipment has decreased stocks of microchips that act as electronic brains in that machinery.
Get a daily dose of Orange County Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Orange County Sun.
More Informationtehran, iran - Iran's Supreme Leader Ayatollah Ali Khamenei said Monday he would welcome a resumption of diplomatic relations with ...
Marcus Stroman tossed a one-hitter for his fourth career complete game to dominate the Tampa Bay Rays, and the Chicago ...
Cardinals All-Star Nolan Arenado opened the bottom of the eighth inning with a clean line-drive single into left field off ...
The Kansas City Royals are working on what would be the first combined perfect game in baseball history against the ...
The Dallas Wings look to get back on the winning track when they host the Minnesota Lynx on Tuesday in ...
Nobody needs to remind the Philadelphia Phillies how a slow start through Memorial Day does not mean disaster. And nobody ...
WASHINGTON D.C.: The White House announced this week that President Joe Biden has chosen US Air Force chief General Charles ...
GUAM: After Typhoon Mawar brought strong winds and torrential rains, large areas of the US Western Pacific territory of Guam ...
NEW YORK CITY, New York: In one of the largest known Chinese cyber-espionage campaigns against American critical infrastructure, a state-sponsored ...
SAN FRANCISCO, California: Sam Altman, CEO of ChatGPT-maker OpenAI, has said the company could consider leaving Europe if it could ...
WASHINGTON D.C.: Reuters has reported that US President Joe Biden's nominee for a federal judge position in Kansas, Jabari Wamble, ...
WASHINGTON D.C.: Jennifer Homendy, head of the US National Transportation Safety Board, has said the US will investigate recent near ...