How to answer to these questions based on the text below:
What is the background of the story? What are the key issues and analysis? What are the recommendations and how relevant it is in the global world?
6:12 PM Mon Jun 14 +321%E]. consultancyeu Consultancy.eu 0 Europe ' Hire a consultant Join the platform News Consulting rms Projects Services Rankings Jobs Career Consulting Industry Partners Q Asia's chip march A chip shortage, also referred to as semiconductor shortage or chip famine, is a phenomenon in the integrated circuit industry, when demand for silicon chips outstrips supply. The origin of this particular shortage has its roots in the global pandemic. The lockdowns ushered in to combat the Covid19 outbreak caused disruptions in supply chains and logistics systems chip suppliers depended upon to maintain production, while at the same time, as people began spending much more time at home, there was a boom in demand for consumer electronics. With the surge in the consumption of products such as game consoles, smart TVs and laptops, for example, each containing many chips, there are simply not enough to go around at present. While, as AlixPartners' Hong Kong based Managing Director Shiv Shivaraman noted in the report, \"the pandemic has exacerbated the chip crisis," however, there might already have been a shortage without the crisis. US chip capacity has declined as China has risen Share of global semiconductor manufacturing capacity (90' US China (mainland) 1.0 30 20 10 1990 2000 2010 2020 2030 '2020 estimate, forecasts based on status quo Sources: Semiconductor Industry Associaon, Boston Consulting Group (E! FT In recent years, the US has deployed a number of increasingly stringent sanctions on its rival superpower China. The ofcial line from the US government has been that this is because chip production in China would mainly have military purposes. However, due to the interconnectedness of global trade, and many nations' reliance on China for the production of affordable technology, the measure has created wideranging supply problems. As the global chip market is increasingly dependent on Asia, while the US and other countries have tried to take matters into their own hands, they lack the manufacturing capacity to meet the high demand for chips. With or without the pandemic in this case, the ramping up of the trade wars between the US and China would likely also have led to a global chip shortage. In orderto learn from this, and avoid further shortages, UAE based Managing Partner In recent years, the US has deployed a number of increasingly stringent sanctions on its rival superpower China. The ofcial line from the US government has been that this is because chip production in China would mainly have military purposes. However, due to the interconnectedness of global trade, and many nations' reliance on China for the production of affordable technology, the measure has created wideranging supply problems. As the global chip market is increasingly dependent on Asia, while the US and other countries have tried to take matters into their own hands, they lack the manufacturing capacity to meet the high demand for chips. With or without the pandemic in this case, the ramping up of the trade wars between the US and China would likely also have led to a global chip shortage. ln orderto learn from this, and avoid further shortages, UAE based Managing Partner Alessandro Missaglia warned that automotive companies should now take supply chain resilience into their own hands. The AlixDartners expert added that an effective strategy in this regard would include, \"Longterm forecasting, strategic buffers, earlywarning systems, and partsdesign are a few tools and techniques to take a more active role down the supply tiers across many commodities."
