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Retail Asia03/05/2022

Just because we don’t constantly hear about it as much anymore doesn’t mean that the global chip shortage has ended; when it comes to chips, the world isn’t all of a sudden “in the chips,” according to Intel CEO Pat Gelsinger who spoke Friday on CNBC’s “TechCheck.” The executive says that important tools used in the chip […]

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Retail Asia12/04/2022

A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with newspaper Neue Zuercher Zeitung (NZZ) published on Monday. “We are still in the height of the chip shortage,” Zipse was quoted as saying. “I expect us to […]

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Retail Asia11/04/2022

Semiconductor chip supply is unlikely to be enough to completely satisfy demand again until 2024, Volkswagen Chief Financial Officer (CFO) Arno Antlitz said in an interview with German daily Boersen-Zeitung on Saturday. He said that although bottlenecks would likely begin to ease towards the end of this year, with production returning to 2019 levels next […]

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Retail Asia21/02/2022

Czech passenger car production fell by 11.4% year-on-year to 92,657 vehicles in January, posting its lowest result for that month since 2010 as the chip shortage continued to weigh, the Czech Automotive Industry Association (AutoSAP) said on its website on Thursday. AutoSAP said, though, it expected the situation to stabilize in 2022 and show a […]

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Retail Asia15/11/2021

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German chipmaker Infineon expects the global semi-conductor shortage to remain well into 2022, it said as it posted a 10% rise in fourth-quarter revenue on soaring demand for chips used in everything from cars to home appliances. Shares of the company rose 2% in Wednesday morning trade. Infineon, which gets about 40% of sales from […]

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Retail Asia28/10/2021

Samsung had a record third-quarter revenue as it reported the U.S. Dollar equivalent of $63.1 billion for the period. That works out to a 10% increase for the top line while operating profit for the quarter came to $13.5 billion (or 26% higher than the operating profit reported during the previous quarter). $22.6 billion in […]

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Retail Asia04/10/2021

Counterpoint Researc has lowered its estimate of global smartphone deliveries this year. Shipments of the device were originally forecast to hit 1.45 billion units in 2021 for a 9% annual gain, but thanks to the chip shortage Counterpoint has cut its estimate for this year to 1.41 billion smartphones shipped for a 6% growth rate year-over-year. […]

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Retail Asia27/09/2021

Tesla’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said. The factory makes the electric Model 3 sedans and Model Y sport-utility vehicles for domestic and international markets, […]

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Retail Asia03/09/2021

Tesla temporarily halted some operations at its Shanghai factory last month as the global shortage of semiconductors hit the electric car maker, Bloomberg News reported on Thursday, citing people familiar with the matter. Part of a production line at the China plant was halted for about four days in August because of a lack of […]

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Retail Asia03/09/2021

Chinese electric vehicle (EV) maker Nio Inc on Wednesday cut its delivery forecast for the third quarter this year due to uncertain and volatile semiconductor supplies. Nio cut its delivery forecast for the third quarter to around 22,500 to 23,500 vehicles from a previous 23,000-25,000 vehicles. It delivered 5,880 electric sports-utility vehicles last month, up […]

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Retail Asia01/09/2021

India’s top carmaker Maruti Suzuki said on Tuesday that the global chip shortage will hurt production at its plants in the states of Haryana and Gujarat in September. Total production volume across both locations could be around 40% of normal output, it said in a regulatory filing. Top Indian carmakers, like their global peers, have […]

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Retail Asia28/06/2021

As many of you know, we are in the middle of a chip shortage that has been impacting automobile and consumer electronic manufacturers. Intel CEO Pat Gelsinger sees the shortage continuing throughout the remainder of this year, bottoming out during the second half of 2021 before things start to improve. In fact, the executive doesn’t […]

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Retail Asia19/04/2021

It was earlier this week when Hyundai Motor suspended production at its Asan plant because of a chip shortage. The South Korean carmaker has announced that it will again halt production at its Sonata-producing plant for two days next week due to an electric parts shortage. According to a report from IANS, the automaker will […]

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Retail Asia08/04/2021

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Vietnamese businesses are once again struggling to get containers to export their goods amid a global imbalance in the logistics sector. Bui Thi Ngoc Tuyen, deputy director of Bich Chi Food Company in the southern province of Dong Thap, said as empty containers have become scarcer, prices have tripled. “We struggle to get enough containers […]

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Retail Asia04/01/2021

Exporters complain they face difficulty delivering goods due to a shortage of containers, whose rentals are rapidly increasing as a result. The Vietnam Maritime Administration (VMA) on Monday wrote to container shipping lines, instructing them to publicly declare their freight rates and surcharges, warning it would not countenance profiteering or unreasonable prices, which cause difficulties […]

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Retail Asia16/01/2017

Big bonuses are being offered by airlines to woo more pilots. Vietnamese airlines are grappling with what they believe to be a serious shortage of professional pilots, so to keep the pilots they currently have on their payrolls and to lure new ones, they are offering hefty bonuses. “Vietnam’s airline market is growing rapidly, so […]

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