The Japanese tsunami and the Thai flooding have not only caused enormous human tragedies, but have also underlined the fragility of the global supply chain and the risks attached to it. In the wake of the events in Japan, auto and electronics production was substantially reduced not only in Japan but also in the U.S. and Europe as well because critical parts that were made only or mostly in Japan could not be obtained. Now the Thai flooding is again shutting down production not only in Thailand but in other economies like those of Taiwan, Japan, and Singapore that rely on a few key factories in Thailand for their supplies. For example, Thailand is the world's second largest supplier of magnetic hard drives after China. With that production now expected to fall by 30 percent, computer makers like Taiwan's Acer and Korea's Samsung will be hard hit.The Taipei Times reported on this situation a few days ago.
[Taiwan] Don't miss the comments below! And check out my blog and its sidebars for events, links to previous posts and picture posts, and scores of links to other Taiwan blogs and forums! Delenda est, baby.