Can We Evolve from the Chip Shortage to Better Supply Chains and Consumption Habits?

By now you have likely heard of the global microchip shortage or been impacted by it somehow. Chances are anything you bought online in the past year, especially if it was an electronic device, cost more and took longer to deliver. That is because microchips (aka semiconductors) are necessary at so many points along the electronics supply chain. Much of the focus has been on the fact that the manufacturing stage of our personal electronic devices is chip intensive; but the logistical side needs to be considered, as well: Cars, boats, planes, trains, delivery trucks — all motorized vehicles rely on microchips to get your order to you. It really makes you think differently when you go to buy a new laptop or phone.

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