Generally true, but with the continuous saga of component shortage and that market dynamic has shifted over time from a broad shortage to specific segments particular newer, high end ICs type you can't reliably get your hands-on having inventory and liability on the books is still a better way to go for now.

My current large corp employer is making hardware products and I can not tell you how much more even in 2023 time and effort is spent by teams procuring material to keep production up, including pushing hard on our suppliers.

It may be a risk, but it certainly isn’t a liability in the financial sense.