Max Verstappen is in the form of his career, but Williams team principal James Vowles is confident other teams are closing in on Red Bull.
Verstappen is well clear in the drivers' championship, having won seven races already in 2023.
Red Bull, with their other driver Sergio Perez occupying second place, are also the runaway leaders in the constructors' championship.
Vowles, though, does think the gap is gradually beginning to close.
Asked how teams can stop the Verstappen-Red Bull juggernaut, he told Stats Perform: "It's a meritocracy. They've done the best job with the same finances available, not the same equipment, the same finances available as everyone else.
"He's on fire at the moment. There's just every race where you think he might struggle. He still pulls one out of the bag and does well.
"I think what you are seeing is people catching up. That's the slight difference. There is a closing of the gap relative to what happened before. It's just going to take time for that to fully kick in."
Before taking charge of Williams, Vowles was the motorsport strategy director at Mercedes, who have endured a difficult time since the start of the 2022 season.
"I think Mercedes lost a year's worth of development simply because the direction they went down was quite different to really the rest of the field," he said.
"And sometimes you have to believe in what you're doing at one point, which is what they've done now, you have to realise that is the wrong direction.
"But that year hasn't been undone. You can't just undo it in the space of one week.
"So what you'll see from this is that now we're going to slowly start, I'm sure, to learn what the package is and how to develop it because they are an incredible organisation and will get back to the front, but it's going to take them I think from here another six months, 12 months to be able to do that."
Asked if F1 was becoming too predictable, Vowles replied: "I think there always is a risk of that. That's like any sport, when you can predict the result, it's less interesting.
"The only thing is I'd go back and say, actually, Austria was one of the most interesting races we've had so far this year, so the gems are still there and this won't last forever.
"[Verstappen] will come back towards everyone else and it just takes a little bit more time than we're expecting. But he will do."