Are you struggling with the global hardware shortage?

Don’t fret if the global hardware shortage is getting you down …

Unless you have been living on a remote island for the past year or so (if so, lucky you!), you will have been made aware of a global hardware shortage of all sorts of processors and chips. For those of us in the IT industry, it has meant an impact on the price of hardware and will continue to do so for the next 12-18 months according to major tech companies such as Intel, IBM, and Cisco.

Since 2020, there has been a massive increase in demand for new tech caused by the unprecedented need to work remotely. Alongside this, processor plants were forced to shut down – COVID-19 certainly has a lot to answer for! Getting the plants back up and running and refreshing supply chains will be a long-winded process, according to industry specialists.

At the heart of things is a worldwide shortage of semiconductors, this is likely to begin to trickle down to the production of everyday products soon, not just high-end technologies or IT hardware.

When will the global hardware shortage end?

Jim Whitehurst of IBM told the BBC that it may take a few years for the global hardware shortage to ease up. There is a huge lag between technology, construction, and production.

Businesses don’t tend to buy one PC at a time, they usually buy products and components on a bigger scale. Therefore, without prior thought and planning, employees will begin to be impacted.

How can Covenco help?

We buy, sell and rent IT equipment, including servers, storage, and components. We most likely have the piece of equipment you need in stock and available for next-day delivery. Don’t worry, we won’t go bumping the price up either!

We buy most of our hardware from UK users, giving us an extensive range of stock from 3 months to 3+ years old, all of which have been maintained to very high standards. We also buy from UK, European and international brokers who are members of ECLAT and the ASCDI, the two independent organisations that govern our industry.

If you are in a sticky situation, get in touch via the form below. We can talk you through our stock and help get your business back on track.