In times of shortage, innovation is less harmful than stagnation, particularly when it is pursued with focus, defined goals, and a unique approach to problem-solving.
A shortage of resources may be the root cause of price volatility and excessive pricing. Businesses that rely significantly on materials may experience disruption as a result of the influence on sourcing procedures because the demand for resources may rise quickly in the coming decades.
A circular business approach can help you better manage and reduce sourcing-related costs.
Scarcity gives us a motivation to advance. When one has unlimited time and resources, ordering new tests and obtaining more data is always straightforward.
Thus, In times of shortage, innovation is less harmful than stagnation.
For more details about scarcity in the industries, click here:
https://brainly.com/question/16204010
#SPJ1