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Q4 of 2021 saw a 150% increase in component search activity compared to the previous year as companies searched for new ways to meet deadlines and maintain revenue.
For many, the shortages have meant turning to alternative sources to navigate part scarcity. While such strategies may be effective in maintaining business continuity, they are not without significant risk. We will discuss current market challenges affecting supply, hazards associated with alternative sourcing, and best practices to mitigate associated risk.