Global Market Database

  With a global climate change crisis looming, more and more consumers are becoming aware and vigilant about their carbon footprint and per capita carbon emissions. The latest estimates suggest that around 6.5% of the population in the United States own an electric vehicle and two-fifths of adults are in serious consideration to electric vehicle market in US  the next time they make a purchasing decision in regards to automobiles. Accounting for the base rate effect and adoption in absolute numbers, Electric Vehicles have exhibited a significant rise in users in the United States and continental North America. However, it is a matter of concern that Electric Vehicle adoption is abysmally low other than for a few metropolitan clusters in US. For instance, in the year 2020, with the effects of the pandemic still looming, the number of Electric Vehicles registered in the United States is approximately three times that of the year 2016. This is indicative of an average consumer’...

  What Is A Global Supply Chain Crisis? The global supply chain crisis fundamentally is the demand and supply mismatch. In this context, it is a result of the release of the huge volume of pent-up demand as economies are recovering from the ills of the pandemic which is not being met by the supply. The global supply chain crisis caused a worldwide shortage of goods and commodities as well as drastically affected the consumer pattern of consumption. The crisis also takes into account, the disruption of supply chains across the globe and how maritime trade was impacted.   Causes Of Global Supply Chain Crisis And Its Impact On U.S Markets The globalsupply chain crisis is caused not by a single event in isolation, rather it is a result of an amalgamation of different factors put together. Primarily, the factor that had the largest effect on the global supply chain crisis is the pandemic. It was the first die that toppled in a stack of dominoes resulting in a chain reaction ...

  The global chip industry has been reeling under a shortage since the advent of the pandemic. It has been aggravated due to several other factors like the drought in Taiwan, the limited number of players in the market constraining the production capacity and the very nature of the semiconductor market structure. The monumental surge in demand for electronics, as the economy transitioned from brick and mortar office spaces and classrooms to virtual offices and classrooms only added to the economic disarray in the semiconductor industry. Why there is a chip shortage in automotive industry and why is it relatively more pronounced is a pertinent question making the rounds. It is because chip foundries and semiconductor manufacturers; optimize their production on more refined chips that are used in electronic devices like Smartphone’s and laptops. Meanwhile, the auto-industry uses relatively cheaper chips employed in automobile micro controlling units (MCU's). The effect of globa...