How to navigate the chip shortage to ensure continuity

The semiconductor chip shortage has become a problem for almost every industry over the last 2 years. Whether your company falls under the oil and gas, computing, automotive, or aerospace industries, I am pretty sure you are already filling the pain of the ongoing chip shortage.

 

However, a company’s resilience is tested in such times, so you need to buckle up and keep moving no matter how tough the situation is. Getting into the open market is one of the ways companies are now using to source for some of the electronics components they are unable to get from their usual suppliers. However, navigating the open market is not something that most companies are used to.

 

That is why it is important to partner with independent distributors like Lantana. You can take advantage of our vast knowledge and experience to ensure you get genuine parts that meet your quality standards delivered without delays. In today’s article, I will take you through some of the ways we can help you navigate the chip shortage to ensure you get the right electronics components within the right time.

 

Quality assurance

Despite the chip shortage, it is important to ensure that all components you buy meet your minimum quality requirements. This can be challenging especially if you are dealing with suppliers in the open market. At Lantana we have a network of suppliers that always commit to meeting the quality standards of our partners for all the parts they supply.

 

You should be assured that all the supplies you get through us will meet your company’s and the industry’s minimum quality standards. So, the chip shortage shouldn’t come as an excuse for compromising the quality of your products.

 

Consistent supply

One of the major challenges that companies in lots of industries face today is the limited supply of electronic parts. Whether you want ram chips or SSDs, the supply is not like it was 2 or 3 years back. Our fastest response times, sourcing, and unrivalled experience in global logistics will be key to ensuring your company gets all the components it needs without any significant delays.

 

Our proprietary software Scout is always monitoring the electronic component and finished product markets globally to ensure we have real-time information about the availability of the different electronics parts from the various suppliers.

 

Forecasting

We also have a team of experts who use the available data and experience to forecast the availability or shortage of parts in the near future. Our clients can take advantage of such information to plan ahead and avoid being significantly affected by the unstable supply of electronic components and parts in the market today.

 

You can also use this information to pre-order or schedule supply for the parts you need based on how and when you intend to execute your manufacturing processes.

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