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The phrase "addressing this shortfall" is correct and usable in written English.
You can use it when discussing the need to tackle or resolve a deficiency or lack in a particular area, such as finances, resources, or performance.
Example: "The company is focused on addressing this shortfall in revenue to ensure future growth."
Alternatives: "tackling this deficit" or "resolving this gap".
Exact(4)
"We have already taken significant steps toward addressing this shortfall in our funding.
In recent years, large tech companies have been competing for millennial talent by addressing this shortfall.
Addressing this shortfall in our understanding was the primary aim of the current study.
The PROSIT (Project on Stroke Services in Italy) [ 4] observational study goes some way to addressing this shortfall.
Similar(56)
And there are two ways to address this shortfall (two complementary ways, I should say).
If successful, the initiative could help address this shortfall in a big way.
A failure to address this shortfall could cost the UK as much as £2bn each year.
There is an urgent requirement to independently verify SAR levels and we aim to address this shortfall.
To address this shortfall, we have developed a modified Laue based in situ micro X-ray diffraction technique with an unprecedented combination of time and spatial resolution.
Emerging technology-based programs can potentially address this shortfall, but the field lacks clear models of instructional materials capable of doing so.
The federal government first addressed this shortfall in the New Deal era with the creation of the Federal Housing Administration, which insured single-family housing loans.
More suggestions(17)
addressing this shortcoming
addressing this defect
addressing this deficiency
addressing this omission
overcoming this shortfall
rectify this shortfall
addressing this concept
addressing this mistake
addressing this question
addressing this worry
addressing this aspect
addressing this objection
addressing this letter
addressing this friendship
addressing this situation
addressing this limitation
addressing this problem
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com