The computer industry has been dealing with a severe chip shortage for the past few years.
But other industries are also being impacted, not only the tech sector.
So many items we use on a daily basis have chips in them. Obviously, laptops and desktops. moreover, home items and even our cars. A modern electrical appliance without a chip is uncommon.
This deficit could interfere with our modern lives.
Did you know that it has been going on since 2020 (wasn't that year truly a gift)?
It began during the epidemic when demand increased and output decreased.
Since then, additional occurrences like severe weather, the Ukraine war, and a factory fire have made it worse.
It is claimed that expanding chip output is difficult. Due to the special production requirements, building a new factory can take many years.
Of course, someone else has to deal with all of this. What does this actually mean for your business, let's be honest with you?
It suggests you must make more advance plans.
It's possible that some of the technology you need to run your firm is scarce.
For instance, obtaining more than two or three of the same laptop could be challenging.
Additionally, other necessities like network switches—which you typically take for granted because they run in the background—are becoming considerably more difficult to find.
Planning ahead is more important than ever as you drive your company's growth.
Industry experts anticipate the scarcity to continue throughout the next year. and it might even go on longer.
Do you want us to look at your expansion plans so we can suggest what might need to be ordered when? Contact us.