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.
By Jack Macfarlane, Founder and CEO, DeepStream Technologies Recent research published in the Harvard Business Review has shown a significant increase in consumer demand for sustainable practices, making sustainability a critical threshold for purchase decisions. It is now the minimum standard businesses must meet to show their commitment to the environment and secure client or
The COVID-19 pandemic has left a lasting impact on global supply chains, particularly within the electronics industry. The sector has faced significant challenges, including supply chain disruptions, component shortages, and a surge in demand for electronic products. Now, as the world moves into a post-pandemic phase, professionals in the field must adopt new strategies to
Many of us have heard over the past year or so of the trade war between the U.S. & China, with both parties looking to become independent of one another, so what’s happening currently? New waves of tariffs and restrictions have warmed things up recently as both parties tighten their grips at a crucial time
Procurement Pro, a leading print and digital magazine for procurement professionals in the electronics industry, is excited to announce the launch of its new LinkedIn page. The newly launched page will serve as an extension of the magazine’s mission to be the “go-to” guide for industry professionals seeking top components and reliable sourcing strategies. The
We all likely know how to achieve best practices in negotiations. You want to come to the best possible solution for both sides—win/win, and you already know your goals and timeline, you’re familiar with the contract you want, and you know how to play well in any situation. That, unfortunately, isn’t enough. Let’s look back
There are obvious supply-chain impacts from war. Shortages, escalating prices, and the flow of goods are common short and long-term examples. The ongoing conflict between Russia and Ukraine and the more recent bloodshed between Hamas and Israel are certainly exhibiting the supply-chain impact mentioned. Still, there are more subtle effects as well. The Russia/Ukraine War
Many supply chain elements take a toll on procurement professionals, and the increase in freight charges accounts for a myriad of woes. Here’s a look at a few of those woes, including the impact of higher costs, timing as it applies to what’s happened to Just-in-Time delivery and the ongoing delivery delays, how freight challenges
Procurement is crucial for any organization, encompassing acquiring goods and services to support business operations. However, this seemingly routine process can significantly impact a company’s reputation, sustainability, and overall success. Ensuring ethical procurement practices is paramount, as it fosters stakeholder trust, safeguards against potential conflicts of interest, promotes fair treatment of suppliers, and upholds corporate
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
It was the worst of times, and then it got even worse. That’s the reality of the supply-chain disruptions during the past few years—rapidly evolving from a reliable supply and stable pricing to soaring inflation and never-ending disruptions of virtually every type. Somehow, our behavior surrounding disruption tends to be consistent. There’s a significant challenge,
