“The severity of the global chip shortage has gone up a notch over the last few weeks and it’s now looking as though millions of people will be impacted.”
Chips went into toothbrushes and tumble dryers because they were cheap. Now Samsung says the shortage is hitting TVs and appliances. Companies hit by sanctions are hoarding, which makes it worse for everyone else. Decades of just-in-time supply chains saved a few cents per unit and left no slack for a bad year.