European hauliers squeezed as rates fall and costs keep rising
Both spot and contract rates in the European road freight market have fallen as the ...
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The EU is setting out a plan worth €43bn ($49bn) to bring production of semiconductors to Europe in the wake of the shortage of chips from Taiwan and South Korea.
Factors involved in the chip shortage include Covid outbreaks and supply chain disruptions at Ningbo and other ports, increased consumer spending on electronics during lockdowns and a run on graphics cards used for bitcoin mining.
EU president Ursula von der Leyen said chips were “…at the centre of the global technological race… ...
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