Due to COVID-related slowdowns, a shortage of steel and boat loads of shipping delays the global silicone market has been struggling to keep up with demand. In part due to the demand rising in consumer electronics, healthcare appliances and renewable energy.

Additionally as the vehicle market looked to ramp up production despite the COVID outbreak their demand for silicone microchips also contributed to the shortage.

Global silicone suppliers predict that the supply chain should begin to stabilize in Q3 of 2021. In the meantime, silicone buyers can except longer leads times and price increases as suppliers look to meet demand.

Tampa Bay has recently announced a TechHire Program after being awarded a $3.4 million grant for technology training and employment by the Department of Labor. For a limited time local businesses can apply to the program to hire and retain local talent. The program is free and participation by businesses entails training the next generation of the local tech workforce.