The global crisis of electronic chips shook and shattered many industries while in the forefront of the headlines the COVID-19 pandemic rages through the economies of the world. You watched a video on this crisis and participated in a discussion in the class. Pick up an industry of your choice and discuss how this industry got hit by this chip shortage. How much was the usual demand? Did the demand increase during the COVID pandemic or it reduced? Did the industry cut production? Did it suffer a revenue downfall? Was there any variation of the impact with respect to the difference in economic regions e.g. Asia, Europe, North America, The Middle East etc..? Did it find an alternate way to circumvent the crisis? Country economy-wise which one is hardest hit (or the least)? Why? What type of recovery do they expect or foresee? How are they making sustainability plans for such a crisis in the future? Try to answer these questions in your write up but don’t limit them within the boundary of these questions. Bring in information as long as it pertains to the topic. Remember to clearly mention the industry that you choose. Replace [xyz] in the title with the name of the industry you chose.
The global crisis of electronic chips shook and shattered many industries while in the
forefront of the headlines the COVID-19 pandemic rages through the economies of
the world. You watched a video on this crisis and participated in a discussion
in the class. Pick up an industry of your choice and discuss how this industry
got hit by this chip shortage. How much was the usual demand? Did the demand
increase during the COVID pandemic or it reduced? Did the industry cut production?
Did it suffer a revenue downfall? Was there any variation of the impact with
respect to the difference in economic regions e.g. Asia, Europe, North America,
The Middle East etc..? Did it find an alternate way to circumvent the crisis? Country
economy-wise which one is hardest hit (or the least)? Why? What type of
recovery do they expect or foresee? How are they making sustainability plans
for such a crisis in the future? Try to answer
these questions in your write up but don’t limit them within the boundary of
these questions. Bring in information as long as it pertains to the topic. Remember
to clearly mention the industry that you choose. Replace [xyz] in the title with the name of the industry
you chose.
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