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The global chip industry has been reeling under a shortage since the advent of the pandemic.
It has been aggravated due to several other factors like the drought in Taiwan, the limited number of players in the market constraining the production capacity and the very nature of the semiconductor market structure.
The monumental surge in demand for electronics, as the economy transitioned from brick and mortar office spaces and classrooms to virtual offices and classrooms only added to the economic disarray in the semiconductor industry.Why there is a chip shortage in automotive industry and why is it relatively more pronounced is a pertinent question making the rounds.
Meanwhile, the auto-industry uses relatively cheaper chips employed in automobile micro controlling units (MCU's).The effect of global chip shortage on the automotive industryThe effect of chip shortage is expected to last till the year 2023, based on revised estimates.
Market forecasts suggest that the effect of chip shortage would amount to $210 billion in the auto industry alone.The chip shortage in automotive industry is said to impact, auto industry adversely.
The effect of chip shortage is to translate into 6.3 – 7.1million fewer automobiles in the market based on the latest market forecast by leading market research reports.The demand for automobiles has been surging, across the globe in tandem with the recovery of the pandemic.
The digital maintenance technology of today's chemical industry can improve the performance of enterprises in the global competitive environment.For many chemical suppliers, digitization can be a confusing word.
A simple definition is that digitization is the use of digital technology to change business models and provide new revenue and value creation opportunities; it is a process of transferring to digital business.According to the latest MarketResearch.com Blog in the chemical industry trend, digital technology can help chemical suppliers in many aspects, such as capturing key data and drawing insights, at a lower cost, to improve production, arrange preventive maintenance, minimize downtime, promote accurate inventory planning, prevent shortage.After reading the interest areas pointed out by the market research blog, as mentioned in the previous paragraph, a computerized maintenance management system (CMMS) like maintenance connection is the first step for chemical suppliers to go digital, because it provides value in three key areas:Collect assets and maintenance data, provide reliable reports and KPIs, transform them into operational intelligence, and help reduce maintenance costs.Support preventive maintenance plan based on specified trigger, and provide automatic work order generation to predict and prevent unplanned downtime.Optimize inventory management through parts serialization and integrated barcode scanning.In operation, the application of digital technology in maintenance and other functions has improved the performance of the plant and network, and minimized downtime.
According to 2017 chemical trends, the operating cost has been reduced by 2% to 10%.Although passive maintenance has been the standard for many years, it is no longer an acceptable maintenance strategy for companies that want to excel.
Chemical suppliers are in different stages of transformation from passive maintenance to passive maintenance.
Some are still using paper work order system, others are using electronic form, many have implemented CMMs, but may not make full use of its ability.
A CMM can lay a solid foundation for steering preventive maintenance, and ultimately predictive maintenance.
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global vegan mayonnaise market is estimated to grow at a CAGR of 8.1% during the forecast period of 2021-2027.
Moreover, due to the busy lifestyles of consumers, their growing preference for ready-made flavor-enhancing ingredients such as mayonnaise presents lucrative growth opportunities for the global vegan mayonnaise market.
The global vegan mayonnaise market in the world is expected to benefit from these factors during the forecast period.Increasing Focus Towards Healthy Lifestyle Is Estimated to Boost the Global Vegan Mayonnaise Market GrowthPeople are increasingly embracing healthy eating habits and swiftly moving to a vegan diet as lifestyle diseases such as cardiovascular ailments have become more prevalent across the world.
Vegans have a lower risk of heart disease than meat eaters, according to several studies.
Vegan mayonnaise is healthier than dairy or egg-based mayonnaise since it includes less saturated fat and no cholesterol.Global Vegan Mayonnaise Market - By Distribution ChannelBased on distribution channels, the global vegan mayonnaise market is categorized into retail stores, online sales, and others.
Furthermore, the growing number of supermarkets/hypermarkets and the establishment of departmental stores offering imported packaged food products are further driving the growth of the global vegan mayonnaise market.Request For Free Sample Report @ Click hereGlobal Vegan Mayonnaise Market - Regional InsightsGeographically, the global vegan mayonnaise market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa.