If there is a global shortage of an exclusive semiconductor, what actions will you take?

Question

Accepted Answer

In case of a global shortage of an exclusive semiconductor, I would take the following actions:

Identify alternative suppliers or manufacturers who can provide the required semiconductor
Negotiate with existing suppliers to increase the supply or prioritize our orders
Explore the possibility of redesigning the product to use a different semiconductor
Collaborate with other companies or industry associations to find a collective solution
Monitor the situation closely and stay updated on the availability of the semiconductor

Accepted Answer

In that setuation we buy on premium basis to meet customer event and for regular basis we plan as per lead time in advance .and also we share our requirements 20% Extra from frem indent .