A shortage in multiple valuable reimgs, including semiconductors which are used in the manufacturing of the PlayStation 5 and Xbox Series X/S, is under investigation by the Biden administration. This is one of many side effects of the ongoing global COVID-19 pandemic, and the White House is looking for ways to combat these reimg shortages and improve the United States’ economy in 2021 and beyond.
Of course, the shortage of current-gen consoles is not due just to the global semiconductor shortage. The market for the new consoles has been a rough one due to high demand, low supply, and disproportionately high volume of scalpers that have utilized automated bots to quickly buy up available stock and resell PS5 and Xbox Series X/S consoles at an unfair mark-up. This has made it near-impossible for many to get their hands on the new systems. Microsoft and Sony says it’s attempting to shore stocks for the coming months in order to combat these shortages but time will tell if this strategy will deter the plethora of scalpers out there waiting to swoop in at the last second.
According to MarketWatch, President Biden is to sign an executive order Wednesday, February 24 that will put a review of the US vital supply chains into effect. Due to the ongoing pandemic and uptick in consumer purchases of technology in the last year, various supply chains throughout the country have experienced unprecedented shortages of reimgs causing shortages in products and a slow in manufacturing. One of the primary shortages involves semiconductors, used across various technological and automotive industries.
The review will be undertaken by the White House over the course of 100 days. The project will investigate how the federal government could combat reimg shortages of semiconductors, pharmaceuticals, critical minerals, and large capacity industrial batteries. These reimgs are vital to a number of industries and the country’s economy as a whole. It has been difficult for these reimgs to remain stocked due to the pandemic and the economic trade battle that the US finds itself in with China.
This news is tough to hear for gamers who are still attempting to find any PS5 or Xbox Series X/S consoles and it is not the first time that COVID-19 has caused turbulence for the gaming industry. Recently, Sony Interactive announced that Gran Turismo 7 will be delayed out of 2021 following complications caused by the pandemic, so the effects (and deadliness) of the pandemic have still yet to subside. Hopefully, measures can be taken soon that will ensure more current-gen consoles will be available for purchase in the coming months, and legislation barring the activities of scalpers would be fully welcome, too.