Posts Tagged 'material shortages'
OEMs are struggling to keep production lines running and new product launches on schedule due to the perfect storm of material shortages and congested freight lines on land and at sea. To take advantage of increasing consumer demands, OEMs are trying to ramp up quickly. However, when critical materials and components aren’t available, the situation…
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A global pandemic, extreme cold weather in Texas, surging consumer demand and clogged transportation systems have combined to create a chaotic situation in the plastic resin market. Supplies of many resins are desperately low, and other raw materials used for molding plastic parts, such as metals and glass, are also in short supply. With so…
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