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What does undersupply mean?

Looking for the meaning or definition of the word undersupply? Here's what it means.

Verb
  1. To provide with insufficient supplies; to supply inadequately
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Examples
British producers would be ideally placed to meet this undersupply.
Ireland continues to have an undersupply of retail space compared to its European neighbours.
The government's current strategies aimed at addressing the undersupply of general practitioners are seriously flawed.
The increased demand for retail space, combined with an undersupply of accommodation, is pushing rents up strongly.
This would go a long way to controlling periods of either oversupply or undersupply to the market, and it would provide pricing consistency.
Further restraint in near-term land sales could potentially cause severe undersupply in two to three years' time.

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