‘Chip shortages to stay following third wave’
The Hindu
Firms coping with situation: Moody’s
Shortage of semiconductor chips would continue following the rapid spread of Omicron variant of COVID-19 across the world but the supply disruptions would not worsen in 2022 as the Omicron surge should have a milder impact on chip supply chain wrote Tim Uy, senior economist, at Moody’s Analytics in a report.
He said companies have started learning how to deal with increasingly common shortages by building buffer inventory and exploring alternative sourcing to deal with the situation.
For example, Sony has doubled orders for chips used in its gaming consoles, and Tesla has implemented various measures to streamline its manufacturing process to reduce its dependence on a few key suppliers.
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