The Digital Downturn | A slowdown in tech and what it means for ewaste
n an age where smartphones and digital devices are central to daily life, it’s surprising to witness a significant slowdown in the tech industry. This digital downturn began in 2021, despite the growing need for technology, and has impacted everything from smartphone manufacturing to semiconductor supply chains. The question arises: why are we experiencing this downturn, and what does it mean for the future of tech and e-waste management?
Why We’re Experiencing the Digital Downturn
Several factors contribute to this digital downturn. A key driver is the global semiconductor shortage, a result of multiple challenges including the COVID-19 pandemic, trade wars, and rising production costs. The pandemic caused a surge in demand for home-office devices, stretching the limits of the semiconductor industry, while geopolitical conflicts, such as the US-China trade war and the Russia-Ukraine war, disrupted supply chains. As a result, tech companies have struggled to keep up with demand, pushing prices up and production down.
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