Learn what caused the chip shortage crisis and how to develop a supply chain resilience strategy to combat chip shortages.
Because software-driven architectures touch virtually every industry, there has been an increased need for electronic components including computer chips in every industry. In the last 12 months, multiple fires have hit several chip factories.
Covid has interrupted production at existing plants, and the inability to construct new plants have caused massive supply constraints. Manufacturers that don’t have a direct relationship with chip factories, such as those producing automobiles, heavy industrial equipment, medical diagnostics equipment and electronics were greatly affected.
Experts now believe this chip shortage is not just a temporary aberration. It will have a long-term impact on all industries, even those that don’t directly relate to the chip manufacturers.