Well, as long as it is just about luxury goods like the PS5 waiting is certainly an an option. But what about healthcare equipment? Would you still argue that waiting is the solution if it would mean that people die in hospitals because the hospitals cant get the required equipment?

In addition, the supply chain problems are not just about chips. To my knowledge, they affect nearly every product that is being produced in the far east (China, Bangladesh, etc.). A few weeks ago I wanted to buy a blue suit and I got lucky: I could choose from a wide range of exactly one suit.

So yes, who cares about suits? But I wonder which essential things are unavailable currently.

Waiting might be the best option, but inaction might also kill the patient. Think of it as a patient with arrhythmia. Sure the patient might simply have sinus tachycardia that goes away when the patient's fever dissipates. Or it might be ventricular fibrillation that can easily kill the patient.