Media Tech Intelligence Briefing: Global Chip Shortage

Media Tech Intelligence Briefing: Global Chip Shortage

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Tag: ingest

Media Tech Intelligence Briefing: Global Chip Shortage

In Q1 2021, factors such as increasing demand for consumer electronics contributed to causing a global shortage in the supply of components. This is part of a megatrend seeing COVID-19 producing distortions in the dynamics of supply and demand in different markets, which, according to analysts, may ultimately lead to inflationary pressures. In the case of consumer electronics, the move to remote working and the concurrent disruptions in global supply chains caused by COVID-19 may have produced an imbalance between demand and supply. Other areas such as labor markets are experiencing a similar trend - i.e., demand outstripping supply - due to factors such as unprecedented fiscal spending by governments. IABM conducted a poll on component shortages in April 2021 to measure the impact of this megatrend on the media technology industry. The poll's findings show that this is a serious issue for most media technology suppliers, and it is a global problem. Anecdotal research carried out by IABM highlighted that this is not a temporary situation but rather a structural shock that may have prolonged effects. PC manufacturers such as Dell, HP, and Lenovo highlighted this situation in their recent investor calls, pointing to record demand for consumer electronics as the main driver for this and warning about price increases as well as shipping delays due to component shortages.

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After the decision is made to implement a new software product in an organizational structure, or for an individual end-user, we must make sure that the implementation is a smooth and structured process and that all key users are getting involved, to minimize the risk of rejection. Good change management and planning reduces the risk of failure of a new system. While the main concern may be to achieve a business alignment from the organizational view, it also requires work to get acceptance from the future users.

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Boosting RTCG’s Production Workflows with a Unified Multi-Ingest System

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Decoding Timecode Standards in Video Production

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