The airfreight market could see a temporary shift, owing to changes in semi-conductor production, following yesterday’s 7.2 magnitude earthquake in Taiwan.
The earthquake, Taiwan’s largest in 25 years, caused at least nine fatalities and injured an estimated 900 people, and hit the world’s largest production centre for semiconductors.
It has already affected airfreight rates, according to supply chain experts.
The island produces the lion’s share of the world’s semiconductors, some 60-90%, depending on type, and is home to Taiwan Semiconductor Manufacturing Company (TSMC), which produces chips for Apple and Nvidia.
