Tight Labor Markets Raise Risks as Supply Chains Go Local

Sep 7, 2023 12:11:26 PM / by Supplyframe

Global worker availability is generally tight. However, the situation is uniquely acute in the electronics field, where the worldwide drive to localize semiconductor production is spurring the establishment and expansion of multiple parallel supply chains – each requiring an army of qualified new workers. To meet this massive labor demand, the global chip industry is set to add 1 million employees by 2030. However, concerns are mounting over whether the U.S. and other economies will be able to produce enough talent to staff their semiconductor projects. Meanwhile, increasing labor issues in China are raising risk and fueling the electronics industry’s drive to seek alternative production locales.

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