Almost everything sold today has a circuit board in it and most of these smart devices use, and thus compete for stock on, the same ICs.And while manufacturers all vie for the same parts to meet their customers increasingly desperate demands, experts predict we’ll be dealing with this situation well into 2022.
Many companies are rethinking the supply chain – offering solutions related to real-time visibility, improved production capacity, and realistic forecasted demand. We’ll leave those solutions to the experts within supply chain procurement.