The COVID-19 pandemic, trade restrictions, and unprecedented market demand due to the fast digitalization caused huge production bottlenecks in the semiconductor industry.
As a result, entire industries struggle to acquire the crucial chip parts that are (often) single-sourced to build specific devices, which results in huge production delays and ultimately, loss in revenues and market shares.
Device manufacturers are experiencing a growing need to diversify procurement risks to continue serving customers around the world and keep a predictable revenue. It implies to inject flexibility and agility into the software development process to order to easily switch electronic components, where and when they can be sourced.