Paper Title
Cost Savings by New Supply Chain Implementation in Projects during Semiconductor Shortage

Abstract
The covid-19 pandemic disrupted industries in many different ways. One of the critical challenges which rose during Covid-19 was the supply chain disruption and shortage of semiconductors. Globally, all major industries including healthcare & automobile felt the impact of increased semi-finished goods inventory due to longer lead times and inflated prices of chips. Studies have proven that the best method to tackle this challenge is to develop a better supply chain with local vendors and reduce dependencies on foreign nations. This paper discusses with the help of a case study how cost savings could be done by developing a better efficient supply chain for an NPD project. Keywords - Covid-19, Semi conductors, Supply Chain, New Product Development, Savings.