Lead Times at Record Highs in Manufacturing Procurement and Supply Chains
Longer lead times have been a consistent issue over the past year or so. While these longer lead times and supplier deliveries operating on a much slower scale are not unique to individual industries, electronic supplies have been particularly badly affected. In July 2021, the Institute for Supply Management's Manufacturing Business Survey Committee highlighted how lead times are now at record highs across multiple industries and that this is likely to be a continuous problem going forward. In May this...
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