Resin supply shortage puts pressure on smartphone and electronic product prices, including Apple
There is a shortage of resin used inside electronic products. While most consumers do not know the role of resin, supply disruptions could raise product manufacturing costs, potentially leading to upward pressure on consumer prices.
Resin is a material used inside electronic products such as smartphones. Most consumers are not familiar with the existence and function of resin. In manufacturing processes, resin is used to bond multiple components.
A resin shortage is currently being reported in global supply chains. The supply shortage is being identified at the component procurement stage. Some manufacturers are changing suppliers or looking for alternatives.
A resin supply shortage could lead to higher manufacturing costs. Higher manufacturing costs could be reflected in final selling prices. Industry officials have pointed to the possibility of an impact on prices.
The impact may appear first in smartphones and other electronic devices. If disruptions in parts supply persist, product shipment schedules may be delayed. In this case, the possibility has been raised that consumer prices could remain at elevated levels for longer.
From the consumer perspective, it is necessary to check the supply situation for electronic-product components and manufacturers’ price disclosures. From the corporate perspective, efforts to secure raw materials and diversify suppliers are under way. Changes in related costs could affect future product prices.
Sources: CNBC Top News
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