ECIA has been conducting surveys of member manufacturing and distributor companies to gain an understanding of this fluid situation. ECIA published the results of the first survey which ended February 7, 2020. This most recent survey was conducted between Monday, March 2nd and Friday, March 6th.
Expect the impact of the crisis to be moderate
It appears that the largest number of companies with visibility on the supply chain expect the impact of the crisis to be moderate and the disruption to last until somewhere between the end of April and the end of May. However, it appears that lead times are expected to increase on average between 2 to 3 weeks for electronic components.
“Reports indicate that factories in China are returning to normal levels and workers are returning. Unfortunately, the spread of the virus has triggered panic on many levels around the world and this has exacerbated the crisis”
Analysis of the survey results points to the need for continued research as companies continue to improve their understanding of how the Coronavirus is/will impact their supply chains.
