The world is plagued by a global chip shortage, as demand for these small, high-tech components greatly outnumbers supply capacity. It’s a scarcity wreaking havoc on global manufacturing, with ramifications as far-flung as the automobile, smartphone and telematics industries.
This chip crunch has affected organisations operating a fleet of vehicles while decimating the ever-bustling automotive sector. As a result, automotive manufacturers are navigating uncertain waters, compounded by increased demand, as they shut down their production lines while dealer inventories are stretched.
So, how did this component shortage occur? What measures are in place to alleviate this crisis, and what is its impact on the telematics sector? All these questions we will answer in this blog post.
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