Supply Chain Issues Continue To Plague US Enterprises
Unfortunately, global supply chain issues and general hardware shortages are expected to continue through the remainder of 2022.
Are you aware of the ongoing supply chain issues affecting the availability of vital business hardware?
Discover what you need to know about the crisis in our latest video.
Supply Chain Issues Mean Longer Waits For Business Hardware
This results from demand and supply chain shocks, including a global chip shortage, labor shortages, manufacturing disruptions from COVID, and higher demand. Independent of the cause, the impacts continue reverberating throughout the global economy.
Manufacturers that rely on these components (Lenovo, Dell, HP, Cisco, etc..) are anticipating delays in the fulfillment of new hardware and products. They expect the effects of the shortage to last at least through the remainder of 2022.
Please prepare for potential delays and longer-than-normal lead times for hardware for the foreseeable future.
Supply Chain Delays And Chip Shortages—What’s Causing All The Trouble?
While chip manufacturers fail to produce a sufficient supply of these key components, prices will inevitably go up. TSMC planned to hike its prices in line with the limited amount of components it can produce.
This has resulted in a bidding war among major manufacturers. As globally active brands like Toyota and Apple compete for vital components, they’ll have to pay much higher prices. Add to that increases in shipping costs and higher wages for labor, along with inflations, and costs continue to climb. Those expenses will be passed along to consumers like you.
Even Cisco has noted that prices will continue to rise for key components in IT infrastructure. These types of resources are critical in most technologies, making the effects of their scarcity far-reaching.
While prices may be high now, they’re only bound to increase over the next year. As the shortage continues and demand continues to climb, prices will increase. That’s why you need to start placing orders for the hardware you’ll need next year and the year after. The longer you wait, the more it will cost you.
Tips To Mitigate Supply Chain Delays
Plan Ahead With Hiring
If you know you’ll need to add more employees to your team in the future, start planning for their hardware now. You’ll want to acquire the necessary technology for the new hire(s) up to 3-4 months prior to hiring them. That means starting the procurement process well before you even post the job.
Maintain A Backup Stock
Make sure you have replacement hardware for everything your staff members use daily. You’ll want stock on hand to replace any tech as needed and avoid downtime.
Plan Ahead For Upgrades & Updates
Keep an eye on the age and state of your hardware. If you need to upgrade or replace computers next year, you’ll want to know about it now to plan ahead.
Need Expert Assistance With Hardware Procurement?
While you may not need new hardware right now, you will eventually, and the sooner you begin planning, the better. The BACS Consulting team will help—we can assess and determine the state of your current hardware and help you plan ahead.
While there are no guarantees in supply availability, the more foresight you have in this process, the smoother it will be. Thanks again for your patience.
If you have any questions whatsoever, don’t hesitate to get in touch with our team.