Shortage of electronic Components in 2021

Electronic parts are in short supply everywhere, putting pressure on hardware manufacturers, while common customers suffer higher equipment costs and longer delivery times. Vehicle manufacturers have been particularly hard struck by the chip shortage, with major automakers such as Volkswagen, Ford, Renault, Nissan, and Jaguar Land Rover all reporting problems. The chip shortage has also had a significant impact on companies such as Apple, LG, and other Chinese technology and cell phone manufacturers. In short, a shortage of supply could result in reduced profit for businesses or higher shopper expenses, implying that more people will be unable to afford the products.