DIGITAL MANUFACTURING
Prior to the conflict , Russia accounted for 37 % of the global supply of palladium , vital to the metal connections between semiconductors and circuit boards
“ COVID-19 was a wake-up call for supply chain managers . It highlighted the importance of having full visibility into their supplier networks ”
BINDIYA VAKIL CEO AND CO-FOUNDER , RESILINC
Global shortages impacting manufacturing Prior to the conflict , Russia accounted for 37 % of the global supply of palladium , vital to the metal connections between semiconductors and circuit boards .
“ In fact , 90 % of the world ’ s production of neon gas , also used in semiconductor manufacturing , originated in Ukraine prior to the invasion ,” explains Vakil . “ This has put an additional strain on existing supply chains as alternative sources are rare .”
At present , however , the situation appears to be more stable , but while some industries are showing signs of recovery , others are still in trouble .
“ Advanced chips in particular will remain highly sought after and shortages are expected to persist through 2023 and into 2024 ,” says Vakil . “ With a significant number of advanced chips produced in Taiwan – which had a 66 % market share in 2022 – supply will continue to be focused within a few countries , namely Taiwan China and the United States .”
Through her experience , Vakil knows how to support global supply chains : Gaining deep multi-tier supply chain visibility ,
manufacturingdigital . com 71