📊Executive Summary

The article discusses the ongoing semiconductor shortage and its implications for the electronics supply chain. It highlights how the shortage is causing product delays, redesigns, and increased prices for electronic components. Avnet's VP of global sales development indicates that this shortage may lead to a shift towards software solutions in place of hardware components, as companies adapt to the constraints. The article emphasizes the broader impact of the chip shortage on various industries, particularly automotive and IoT, as demand for smarter products continues to rise. This situation presents both challenges and opportunities for procurement teams as they navigate sourcing strategies and component availability....