Are The US Supply Chain Problems Influenced by China?
The US supply chain problems seen in the U.S. economy are improving for some companies, but a long-term solution may take more time, according to the Wall Street Journal, the heads of Intel, Wayfair and other companies.
Niraj Shah, CEO and co-founder of online retailer Wayfair, said, “The problems were at their worst last summer, but are slowly recovering.”
Intel has been at the center of a global storm of semiconductor shortages, and the company’s CEO Patrick Gelsinger expects supply chain problems to continue through 2023, in part because it will take three years to build a new factory.
In view of the US supply chain problems,Kissinger said Intel has allowed its supply chain to consolidate in Asia, leaving the company with no geographic balance to deal with disruptions. He said the company has plans to build a large plant in the United States that he called a “mega-base” to move production closer to where the chips are needed.
Julie Sweet, chief executive of consulting firm Accenture, said “the supply chain won’t shift overnight” and that a global shift will take time to unfold. She added, “China will continue to be a significant global supplier.”
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