Our aim is to offer guidance on the ever-changing decision-making processes in the electronics sector and become the "go-to" guide for industry professionals looking to source top components.
A major supply chain challenge is economic instability. We know that supply chain challenges can cause economic instability, but what about the other way around? What impact does economic volatility have on supply chains—especially over an extended period? Supply chain challenges have been back-to-back and overlapping. Even before COVID-19’s demand surge and constrained supply wreaked
There’s an inherent disconnect when discussing “health” when systemic crisis is the new norm. In 2022 supply chain woes were rampant–from port blockage, rising inflation, slowing demand, the war in Ukraine, COVID lockdowns, elevated inventory, hurricanes, and even MIA employees. Although there were improvements in some of these issues, disruptions to supply chain operations will
The primary elements that make up a finished product are direct raw materials. They can be any mined materials, like minerals, metals, crude oil, coal, etc. There are also indirect raw materials – anything that supplements the making of finished products from direct materials. The challenges represented by accessing these materials promptly and at a
Fortunately, we have many tools today that help mitigate the inherent risk associated with supply chains. We can also learn from the past. Here are some classic examples of supply chain blunders that happened because of inept management decisions. 1. WebVan Whereas today, online grocer WebVan would likely have flourished, at the turn of the
If you were under the impression that procurement was merely about purchasing “things” and negotiation contracts, you were incredibly wrong. The procurement professional plays a critical and instrumental role in a company’s success. There are many misconceptions like this about the entire procurement process: from procurement 4.0 to modern slavery to cybersecurity. We had the
