20 Apr 2021 -
 General

Will relief come for chip shortage?

Source Today reports that as more manufacturers succumb to the impacts of the global chip shortage, the Biden administration is supporting some key changes that might help on the home front.

Several factors led to the shortage of chips, which reportedly first surfaced in the fourth quarter of last year, TechRadar reports. “Manufacturing unit shutdowns owing to the COVID-19 pandemic are largely blamed as the trigger for the crisis that rapidly depleted vendors’ inventories.”

Hoping to alleviate the chip shortage and other supply chain disruptions that companies are grappling with, President Biden is calling on Congress to invest $50 billion to create a new office at the Department of Commerce dedicated to monitoring domestic industrial capacity and funding investments to support production of critical goods.

President Biden sees these efforts as critical to improving the U.S. manufacturing environment and the supply chains that support it. “We’re one of the few major economies where we’ve seen public investment, as a share of GDP, decline over the past 25 years,” the president said in a recent briefing call.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.

With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.

For more help with looking at supply chain options, contact Astute Electronics here

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