DURING THE CORONO VIRUS LOCKDOWN MANY BUSINESSES WERE DROPPED. And service sectors are severely affected and now the world is suffering from...
DURING THE CORONO VIRUS LOCKDOWN MANY BUSINESSES WERE DROPPED.
If you are a real-time marketer you may understand this situation.
“There is no sign of supply catching up, or demand decreasing, while prices are rising across the chain,” says Campling. “This will cross over to people in the street. Expect cars to cost more, phones to cost more. TheiPhonesS COST WILL NOT BE CHEAPER THAN LAST YEAR.
And service sectors are severely affected and now the world is suffering from silicon shortage that is used in making semiconductors and microprocessors in mobile.
Consumers are facing price rises and shortages of products from TVs and mobile phones to cars and games consoles as a global shortage in semiconductors grows.
The shortage in chips, these chips are the brain of every computer component and nowadays we can't imagine a life without Computer.
Initially, the problem was only a temporary delay in supplies as factories shut down when the coronavirus pandemic first hit.
The semiconductors are made of silicon
During this pandemic, the manufacturing of silicon was temporarily unavailable.
Even, the biggest mobile phones manufacturer apple "A 2TRILLION DOLLAR" company which is the biggest buyer of semiconductors spending 58billion dollars every year, has now postponed its new launch of the iphone for 2 months due to silicon shortage.
You might wonder how the silicon shortage would raise the price of every computer component, with the new launch of the 5G network and 5G smartphones, many people are trying to buy new 5G smartphones. Now one side a demand increased rapidly and supply reduced by half;
Car manufacturers, who cut chip orders as vehicle sales fell last year, found themselves at the back of the queue when they tried to reorder when the market rebounded. The entire global car industry buys about $37bn worth of chips, with the biggest players such as Toyota and Volkswagen spending more than $4bn each, making them relative minnows for semiconductor suppliers.
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