Amid mounting pressure, perhaps only from Italian media at this stage, Ferrari team chief Maurizio Arrivabene is adamant that the team's fall to third in the pecking order is not a big drama and no need to panic.
Arrivabene said in a recent interview, "We are in a situation where Mercedes is really strong and this is something for us to meet. And Red Bull, if you look at Hungary, we were much quicker than Red Bull, it is not a drama, we just need to fine tune and fix.."
"If we are looking for Mercedes they are strong but in Singapore last year when they have races where they are less strong and are beatable. This is a fact of life."
With Mercedes way up front, Red Bull leapfrogged the Italian team after German Grand Prix thanks to both their drivers finishing on the podium, while Ferrari could only manage fifth and sixth for Sebastian Vettel and Kimi Raikkonen respectively.
Despite this Arrivabene is confident that the team will bounce back at power hungry Spa-Francorchamps thanks primarily to their engine update for Belgium.
"For the engine we have something that is coming and we are quite comfortable with the engine but the aerodynamic development we are going to be stopped in the summer break so it stops the development time."
Prior to summer break, in the aftermath of technical chief James Allison departing the team, Arrivabene revealed that things were changing, "We are reorganising the team, without panicking because taking that decision means we are clear in mind what to do in terms of organisation."
"Moving forward for the rest of the season we know as well very clearly the areas where we have to improve. I have to say they [Red Bull] have improved quite well, it is in front of all of us, and that is something that was on our mind."
"That doesn't mean we are going to surrender during this period. We have to think about and to react," declared Arrivabene.