OK, let's go serious.
This is a general issue, not just related to electronics, but to all fields of supply and demand.
Having worked at the semiconductor supply end for 40+ years, I've seen this pattern emerge and repeat every 5...10 years.
The key word is:
"Hysteria"
Some hack at FT or WSJ, or whatever the brass reads, wants to stir up some action, and writes an article about supply shortages.
The hack isn't wrong, but the discrepancy between supply and demand is perhaps just 1%, 2%, or 3% and will be equalized within a few months.
But human nature being what it is, the brass switches to panic mode: "We've got to protect our supply lines!" etc. and orders Procurement to take action.
Procurement of course follows management orders and place double/triple/quadruple orders at all available suppliers as well as starting hoarding.
Result: Meltdown.
Defence line on the supply side: place all incoming orders on hold and flag all products with "on allocation".
Suddenly there's a major shortage (although there isn't).
Some time later, capacity is balanced again, making major customers cancel their multiple orders, now creating a supply glut.
Wasteful and completely unnecessary.
My advice to you: always have inventory for a few of months' production and otherwise keep cool. Leave the "just-in-time" stuff and the hysteria to the big customers. Keep your business stable.