The Coronavirus has affected more than just the thousands of unfortunate people that have contracted the illness. We and the rest of the world are watching the news with great sadness for those affected. Being one of the largest exporters of goods in the world, this outbreak in China will also send ripple effects throughout supply chains globally. The largest electronics manufacturers are all building in China, which is why half the world’s component inventory is basically quarantined. Suppliers in China are all telling us that they are closed through at least February 17th, but even that is just a guess at this point.
Some of the companies which have China facilities which been shut down are;
- Advanced Semiconductor
- Diodes Inc.
- Samsung Electronics
There are small pools of electronic components in other parts of the world, but don’t be the last one to go fishing for them. AERI has access to all of the world’s remaining inventory, whether it is in the Original Component Manufacturer’s warehouse or in excess inventory at an OEM that doesn’t need them at the moment. Reach out to your dedicated Search Expert at AERI or click the link to send us your list of parts you are concerned about.
As we look at the recent history of similar disruptions, in November 2002, Severe Acute Respiratory Syndrome (SARS) started spreading around from the world’s electronics manufacturing center, southern China. The virus infected 8,098 people causing 774 deaths worldwide. Without minimizing the personal, human toll of this event, it is important to understand the business and economic impact. SARS costs companies an estimated $40B and reduced GDP in Asia by an estimated .4% in 2003.
Less than a month ago, this new virus, also likely passed from animals to humans, began showing up in the central China city of Wuhan. This virus is much more widespread, the novel Wuhan Coronavirus has more than 40,000 people around the world – most of them in China.
See this informative and functional map of Coronavirus locations and statistics
Time will only tell how this virus will affect the electronic component supply chain, but for now, join us in prayer and thought for the thousands whose health have been affected by this terrible situation.