Component shortages and 2022 trends

It’s been a tough few years of component shortages and unfortunately, this doesn’t look to change for the rest of 2022 with shortages forecasted to continue throughout the rest of the year.

Supply chains to improve in late 2022

A report, titled “Tech, Media, and Telecoms Predictions 2022,” details that the conflict between the US and China over the supply chain of chips and minerals will remain heated for most of this year but will begin to improve in the latter half of 2022. Daniel Clarke, an analyst on the Thematic Research Team has said that consumers could expect the automotive and tech industries to be the most impacted. You can read the full Deloitte report here.

Rise of onshoring

Over the past year, we have also seen a trend of Australian businesses bringing their electronic manufacturing back to Aussie shores. This trend has been brought on by continued international conflict, component shortages and a lack of control over IP/process, redundancy. According to research published by the Advanced Manufacturing Growth Centre last year, more and more Australians are valuing the industry, and 72 per cent of Australians see it as important or very important, up 7 per cent between 2019 and 2021.

Government-backed industry

Brent Balinski from Australian Manufacturing was quoted saying, ‘We predict manufacturing and its role in sovereignty will be a 2022 election issue, with the investment in the industry by the federal government and the effectiveness of this and other industrial policies certain to be debated.’ Read more here.

At Hetech, we have been working with local businesses to bring their electronic manufacturing back to Australian shores and, sourcing components for our customers at a time when the world is seeing delays and shortages.

We have partnered with a range of companies such as CSIRO, Boeing Defence, Saab, WEIR, BV and FLSmidth on projects to reduce costs and integrate automation. We are also involved in a vast range of other projects for industries such as Mining, Renewables, Defence, Utilities and many more. Working with IoT/sensor solutions, PCB builds, insourcing, redesigning & designing electronics equipment for more efficient solutions.