CarLock was able to secure enough stock to offer its products without interruptions

Unlike some of the competitors that were forced to stop offering their products due to global semiconductor shortages, we were prepared for the crisis and created sufficient stock of hardware components to continue offering our security solution.

Long-term partnership with major telematics systems suppliers and the commitment to be available for our customers have played a major role in our decisions to secure larger quantities of the necessary components than usual. Therefore we expect to weather the storm of global production shortages mostly unharmed.

This is currently giving us the opportunity to serve the aftermarket telematics and security devices market in these times of high uncertainty caused by the global pandemic.

ANNOUNCEMENT – How global chip shortage is impacting CarLock

Unfortunately, CarLock didn’t manage to escape the global chip shortage and will be forced to stop offering the CarLock tag after current stock runs out. 

COVID-19 pandemic in confluence with some other factors like rising of demand for chips in new industries, faster recovery of demand for cars after the pandemic and sanctions against Chinese tech companies, who are boosting their stockpiles of in-demand chips, have spilt to CarLock suppliers which are unable to meet the demand for their products.