The media around the world echo the alarming shortage of raw material reserves, these materials such as minerals and chemical elements for the manufacture of semiconductors, those small components that put the world economy at risk are present in all electronics and mechanics for the manufacture of medical and military equipment, photographic and video cameras, computer components, tv, mobile phones, video game consoles, electric vehicles, etc. as well as in the manufacture of energy equipment from adapters, batteries, power supplies and transformers to electric generators, wind turbines, solar panels, lighting lamps, etc.
The new health threat caused by the COVID-19 crisis has temporarily paralyzed many industries due to the confinement of the population, affecting the global supply shortage due to the difficulties in obtaining electronic parts, microchips and plastic semiconductors, steel and other metals that make the fast recovery of many industries to halt. Elon Musk, the CEO of Tesla, compared this worrying shortage situation with that experienced at the beginning of the pandemic with toilet paper, although he assured that it will not be a problem “in the long term.”
On the other hand, among the confined world population, the appetite for electronic devices of all kinds: computers, mobile phones, tablets, consoles, televisions, etc. multiplied exponentially, even another of the reasons with the greatest impact that affects scarcity is the boom of cryptocurrencies.
A setback that Europe intends to face as a new business opportunity
Both the EU and the manufacturers see this global crisis as a new business opportunity, and important movements are already detected in many electronics industries, which have started to manufacture their own hardware, even artificial intelligence conquers the last frontier with design of their own chips.
Flex, the world’s third-largest manufacturer, makes one of the worst short-term forecasts of a global chip shortage, believing it will last at least another year and could last until 2023.
This means that many electronics manufacturers in many sectors are forced to rethink their supply chains and seek new local self-supply formulas for their digitized hardware manufacturing and production plants to reduce the heavy dependence on other industrial manufacturers in third countries.
It is for this reason that some industrial firms have decided to defy the laws of external supply and demand, creating their own assembly lines for their manufacture and series production in a simple, fast, efficient, affordable, profitable and high-quality way. .
Will Europe be able to supply itself?
Our commitment to MSTECH Europe, a member of the INCORPORA TECHNO group, goes in that direction, it will be a challenge in offering innovative solutions for Industry 4.0 to transform industries in their own place of origin.