For the past couple of years, the tech world has been struggling with a huge shortage of chips.
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But it’s not just tech businesses that are feeling the impact.
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So many of the things we use every day contain a chip. Laptops and desktops, sure. But also household appliances, even our cars. It’s hard to find an electric device without a chip.
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This shortage has the potential to disrupt our modern lives.
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Did you know, it’s been ongoing since 2020 (ah, that year really was a gift, wasn’t it)?
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It started during the pandemic as production fell while demand went up.
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Other events since have made it worse, including extreme weather, the Ukraine war and a factory fire.
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We’re told that increasing chip production isn’t easy. It can take years to build a new factory because of the unique production demands.
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Of course, all of this is someone else’s problem. Let’s make it real to you – what does this actually mean for your business?
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Essentially it means you need to plan ahead more.
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Some of the technology you need to run your business may be in short supply.
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As an example, getting large numbers of the same laptop might be difficult, compared to getting just 2 or 3.
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And some of the essential devices you rarely think about as they’re in the background, such as network switches, are currently much harder to get.
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As you push your business towards increased growth it means planning ahead more than ever before.
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Industry experts expect the shortage to last into next year… and it could be even longer.
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Would you like to run your growth plans by us, so we can advise what might need to be ordered, when? Get in touch.
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Published with permission from Your Tech Updates.