Could the chip crisis cause an imbalance in electronics products

KELOWNA, British Columbia, Aug. 30, 2022 (GLOBE NEWSWIRE) — Many industries, from electronics to computing and from defense to automotive, have been grappling with the global chip crisis after the pandemic. Many factors explain the shortage of silicon chips, such as poor planning, insufficient production and political errors. Due to prohibitive price increases in electronics trade, the balance between supply and demand in the market could collapse. However, according to IMEX Holding CEO Martin William Edelberg Sorensen, the shortage of chips can be controlled by adopting smart solutions.

According to data announced by London-based statistical agency Deloitte, the chip shortage between 2021 and 2022 affects cumulative revenue by $500 billion. These tiny chips, involving integrated circuits, are used in various sectors and will increasingly be used in new areas. According to the CEO of IMEX Holding, Europe’s leading electronics retailer and mass trader, the chip crisis is inevitable. However, the process could be much shorter and harmless if effective strategies are developed in the supply chain.

WHICH PRODUCT GROUP IS MOST AFFECTED BY THE FLEA CRISIS?

Although the silicon chip crisis was triggered by the Covid-19 pandemic, the problem started a long time ago. It is mainly based on a poorly controlled process that started before 2020, but the increased need for technological equipment after the pandemic has made the crisis colossal. While some sources point out that a bigger crisis could come after 2022, the product groups most affected by this shortage will be smartphones, computers, automotive industries, according to the 2022 Deloitte report on semiconductor chips.

The chip crisis is known to affect the operation of consumer electronics distributors. According to the statements of the CEO of IMEX Holding, the fact that consumer electronics has become a vital need in recent years has triggered the shortage and, as one of the largest electronics suppliers in Europe, IMEX Holding focused on improving overall capability and controlling the procurement process. more efficiently.

HOW DOES THE FAILURE TO RESOLVE THE CHIP PROBLEM IN TIME AFFECT PRODUCT SUPPLY IN EUROPE?

According to Statista’s 2020-2030 Semiconductor Chip Forecast Report, the smartphone market will be the leading industry by 2025, with a share of $116 billion, and industry revenue will grow rapidly by the year. after. Even though this situation poses a risk to chip demand, Sorensen believes the situation is not as bad as it looks and can be resolved by implementing sensible solutions.

“The chip crisis is expected to worsen due to new developments such as the Internet of Things and Artificial Intelligence, however, as IMEX Holding, we anticipate this issue and shape our services accordingly. With the Using a hybrid working model, we are focused on delivering products on time and enabling real-time tracking.Since we are using a synchronized system, we have completed our preparations to meet the European demand for electronic products like intended.

Contact information

Kadir OZPINAR

[email protected]

Related Images

Image 1: Sorensen, CEO of IMEX

Martin William Edelberg Sorensen, CEO of IMEX Holding

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