A time period we will never forget is the COVID-19 pandemic of 2020-2021. The virus and its affect surfaced in January of 2020 and within two months, much of the world was beginning the lockdown that has lasted for over a year. This global pandemic has negativity affected almost every person and business on earth.
Since our industry is electronic security, it seems appropriate to discuss the events of the pandemic and how they affected the worldwide supply of integrated circuit chips, also known as IC chips or microchips, used in security products. To get straight to the point, we are in the middle of a worldwide shortage of the IC chips — parts that are the lifeblood of the electronic world, so much so that if any interruption to the supply of IC chips is experienced, digital product production and world economies can be negatively impacted. The current IC shortage is slowing the ability of industries and economies to come back from the pandemic and is affecting every economic sector from automobiles and smart phones to TVs and game consoles — and, of course, electronic security products including control panels, modules, sensors and detectors. Almost every electronic security product manufactured in the world today uses an IC.
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