How Do Hardware Shortages Affect Business Decisions

How often over the past year or two have you gone to replace a device on your infrastructure, only to find that the price has increased or the device simply isn’t available? This is an issue with the current hardware shortage, particularly for business electronics. Since businesses depend on technology, it becomes critical that you understand how this shortage impacts your day-to-day operations.

As you are surely well aware, there is a hardware shortage out there for computing devices due to a component shortage. This shortage stems from semiconductors, and it’s bleeding into every facet of device creation, from manufacturing to acquisition. Naturally, this creates issues for businesses that need to invest in new hardware for their employees. Here are just a few of the ways this shortage has impacted businesses like yours.

Price Point

As the costs of components increase, so too do the costs of the devices they are a part of. This is an unfortunate side-effect of the costs of manufacturing increasing, and the consumers ultimately pay more for devices. This can also impact the costs associated with services offered by providers, as they need to purchase and maintain equipment to manage these services.

Timeline for Acquisition

With hardware being in short supply, you can expect the acquisition of any new devices to take a bit longer than usual—particularly if you are looking for something very specific. We recommend that you build out a hardware acquisition timeline so that you know when and how often you need to perform hardware refreshes on your infrastructure.

It Makes Upkeep Even More Important

Finally, since devices are more expensive and harder to come by, you should understand that upkeep of your current hardware infrastructure is even more important than before. If something critical fails within your infrastructure and you are unable to immediately replace it due to shortages, what happens? Be sure to take care of what you currently have so that you can get as much value out of it as possible before it kicks the bucket.

What We Recommend

Virtual Business Solutions recommends that you work with us to ensure that your hardware needs are met within a reasonable time and at a reasonable cost. Due to our connections and our working relationships with vendors, we know the most reliable ways to get the technology you need to succeed. Plus, it’s always better to have someone else do the legwork for you so you can avoid the frustrations that come from devices simply not being available when you need them most.

To get started, reach out to us at (504) 840-9800 ext. 105.