According to VSP’s Zaki Wazir, the electronic security industry faces a global shortage of semiconductors thanks to the COVID-19 pandemic.
“COVID-19 has been a challenge for us all, and now we are faced with yet another fallout of the pandemic, that being a global shortage of semiconductors,” Wazir said. “There are 2 main causes of the shortage – an increase demand in consumer electronics as people were forced into home lockdowns and semiconductor factories not being able to run at full capacity.”
This week, Qualcomm Inc.’s Cristiano Amon, head of the world’s largest mobile chipmaker, flagged shortages across the board, citing the industry’s reliance on just a handful of players in Asia.
“To make matters even worse, there are also shipping delays,” Wazir explained. “To put it simply, there just isn’t sufficient sea freight containers to carry freight around the globe, particularly when airfreight capacity is at an all-time low due to the scarcity of international passenger flights.
“At VSP we are proactive in our approach to these problems. We have increased our level of stock holding and have reverted to air freight as much as possible. We are also taking the approach of notifying customers there may be stock shortages and the best approach would be to talk to our sales team and place orders early so these issues don’t hold up your projects.”
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