Loopholes in the logistics industry have impacted the related businesses vigorously. Due to the disruptions caused in the supply chain lot of the needed and most valued components the markets are suffering.
One of those known required devices are semiconductors. The very recent worldwide crises related to this device is still ongoing, the pandemic, the storm and the other natural calamities that struck, left people locked in their homes, increasing the demand of the electronic devices to keep themselves entertained, however this added pressure to the suppliers. But the dependency of the markets on some specific countries like China and Hong Kong turned to be a sour lesson. The disruption of the supply chain has affected almost 169 countries.
Other governments are trying their best to bid the highest and steal the market of manufacturing these microchips. In the month of May the South Korean announced US$451 billion investment and US meanwhile decided to venture at US$52 billion, and the European markets are planning to raise the manufacturing capacity by 20% by 2030.
Therefore, we at HandCarry understand the sensitivity of the situation and strive to align the broken structure to construct a more dependable supply chain circuit for the semiconductors and contribute in fixing the crisis.