Covid-19 is the latest in a series of disruptions that are reshaping the electronics supply chain. In 2011, an earthquake and tsunami in Japan devastated its population and businesses. In 2018, the U.S. and China engaged in a tariff trade war that is still ongoing. In 2020, demand for semiconductors accelerated due to a spike in demand for laptops as corporate employees were forced to work from home. By early 2021, chip shortages shuttered automotive plants, and a massive container ship ran aground in the Suez Canal, delaying about a third of the world’s oceangoing cargo from reaching market.
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