The Supply Chain & The Rise Of The Refurb
It's been a tough couple of years on the international supply chain. From the pandemic shutting down both manufacture and transport, countries on fire, HGV Driver shortages, a boat wedged in the Suez canal... The list goes on and on. From bikes, tech, building supplies, you name it, every industry has felt the effects of this in one way or another. This issue has been particularly prevalent in the tech space, as people have been confined to their houses, families have looked for ways to communicate with each other using tech. Games consoles, graphic cards, components, have all been affected. The BBC have posted this article, where Simon Segars, the Chief Executive of chip firm ARM, is warning that consumers who haven't yet ordered their tech for Christmas, will likely miss out.
"Simon Segars, chief executive of chip firm Arm, said the mismatch between supply and demand is 'the most extreme' he has ever seen... In some cases, the wait for chips was taking 60 weeks..."
The supply shortage is a double-edged sword for the repair industry. One side is that lots of the products used to make repairs get manufactured in countries and factories that have been at the heart of this struggle, causing delays to certain products.
On the flip side, this also presents an opportunity for our industry to capitalise and educate consumers on the benefits of purchasing refurbished products. Buying secondhand is not only good for your wallet but also great for the planet. Right to repair has become a mainstream issue and has made massive strides in raising awareness.
Due to the pandemic, consumers have changed and are becoming more aware of the impact they have on the environment. Other sectors have felt the benefit and leaned into this new awareness from consumers. As an industry that has a direct impact on the volume of e-waste, this new awareness can only be a good thing. Only time will tell.