Technology supply chains were severely affected by the Covid-19 pandemic, resulting in backlogs and bottlenecks, and they are still struggling to recover. But are there signs of a recovery?
Neil Phelan, CEO of HCS, believes there are signs the supply chain may be starting to get better and there is light at the end of the tunnel. He acknowledges that the market is still “tumultuous” at the moment and “changing by the day” but, nevertheless, sees an improvement over the past couple of months. Lead times of nine to 12 months have reduced to three months, for example.
Phelan admits that the impact of the delays has been huge. For a business built on professional services invariably delivered around a hardware product, delays can be very difficult. “If you can’t fulfil that part of the project, it’s just sitting there and the delay has an impact on invoicing and cashflow,” he says.
Read Neil’s article in Tech Central on how supply chains in the IT industry are starting to show signs of recovery. CLICK HERE