As first-hand observers of global electronics shortages since the pandemic, the company decided to investigate further by using data to analyze how global supply chain bottlenecks and import tariffs have affected the availability and cost of electronics around the world.
“At Grover, we’ve witnessed the impact supply chain disruptions have had on the availability and affordability of electronic goods. Though we took proactive measures to maintain our own stock, the severity of supply chain disruption had market-wide ramifications,” says Giacomo Dalle Vedove, Grover’s VP International and Growth. “Technology is ubiquitous within the modern world and will only increase in importance as further advances are made. We decided to conduct this study to draw attention to the fragility of current supply chains and in the hope that these issues do not become commonplace.”
The study revealed many interesting findings, including:
- Out of the 50 countries in the study, the UK has the #27 most expensive electronics.
- On average, Argentina is the most expensive country to purchase electronics in the index, with a total deviation of 67.34% above the average cost of common electronic goods. Hong Kong offers the cheapest electronic items, with costs averaging at 16.46% below the median, followed by the USA and Indonesia.
- Mainly due to the rise of the cryptocurrency industry, graphics cards record the highest deviation above the median price of any item, at 166.84% above average.
- Of all the electronic goods in the study, the Playstation 5 is the worst impacted by global supply shortages, with availability in only 12 out of 50 countries in brick-and-mortar stores and 18 out of 50 on e-commerce platforms.