Semiconductor industry has responded fairly well to 7.4-magnitude earthquake, but companies should reach out to potentially affected suppliers.
Taiwan’s massive 7.4 magnitude earthquake raised considerable concerns of supply chain impacts to global high-tech and semiconductor supply chains and relevant sub-tier suppliers directly impacted. Resilinc data shows that over 13,000 sites, 21,000 products, and 58,000 parts could be affected.
The deadly earthquake provides significant indication to just how globally interconnected and risk-exposed global supply chains are. The importance of effective, proactive predictive supply chain capabilities is paramount to better detect and respond to disruptive events like this.
On Wednesday morning, Taiwan’s east coast experienced the largest earthquake in 25 years. Followed by 76 aftershocks, the staggering quake was felt in parts of China, even triggering tsunami warnings for Taiwan, Japan, and the Philippines. While tsunami warnings have been lifted, the damages to Taiwan and its critical high-tech supply chain remain.
