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Image: Simon Ray on Unsplash
Computer manufacturer Lenovo is backordered 3 million laptops. That's just one company. The trade war with China has impacted remote learning for children as school districts scramble for units. 1,100 districts in California claimed they were short 300,000 computers.
Best Buy, a popular US electronics mega company that used to have a CD section to be admired, has 33 of 36 Chromebooks out of stock on their website. Chromebooks are the popular affordable option. Students with middle class parents are less exposed as household income will cover the cost of a computer for now.
Business and governments have come to understand during the plague how critical supply chain management is. Maybe your favorite purchasing agent has a point when he says, "We could be doing this better," and, "I'm concerned about our exposure here."
USD/CNH will open at 6.920 today.