supply chain

Procurement Pro supply chain
Sourcing Strategies

What is second sourcing?

Second sourcing is a procurement strategy that involves a company identifying and engaging with an additional supplier for a specific component, material, or service it requires. This alternative supplier serves as a backup or supplement to the primary supplier, ensuring that the company is not solely dependent on a single source. The practice of second

Read More
Market Analysis

Japan’s return to semiconductor manufacturing: a strategic rebirth

One only needs to look back a few decades to see when the semiconductor landscape had Japan on top, controlling over 50% of the market. However, since then, a combination of geopolitical pressures, particularly from the United States, alongside increasing competition from rival Asian nations like South Korea and Taiwan has led to a steep

Read More
Market Analysis

Chip stocks plummet amidst US-China tensions

Chip stocks worldwide have slumped due to fears surrounding the global computer chip industry. The sell-off followed reports that the Biden administration may further tighten restrictions on exports of semiconductor equipment to China. Comments by former US President Donald Trump, suggesting that Taiwan should fund its own defence, added to these concerns. In the US,

Read More
Industry Insights Supply Chain Management Sustainability

How procurement teams can navigate sustainability

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

Read More
The impact of globalisation on the electronic supply chain and its recent decline
Supply Chain Management

The impact of globalisation on the electronic supply chain and its recent decline

Globalisation has bore the fruit of much of the modern era, but with tensions rising, how will its decline impact the electronic supply chain? Globalisation has significantly shaped the electronic supply chain over the past few decades. By enabling the seamless movement of goods, services, and capital across international borders, globalisation facilitated the creation of

Read More
News

Procurement Pro is now on LinkedIn

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

Read More
Supply Chain Management

Why testing isn’t enough to prevent counterfeit components from entering the supply chain

Author: Victor Meijers, Senior Vice President, Electronic Components Industry Association Over 10 years ago, the Senate Armed Services Committee issued a report following the discovery of counterfeit electronic parts from China in the Air Force’s largest cargo plane, in assemblies intended for Special Operations helicopters, and in a Navy surveillance plane. In fact, they revealed

Read More
Supply Chain Management

The Real Impact of War on Global Supply Chains

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

Read More
Supply Chain Management

Supply Chains Are Healing, But…

So, yes, there is evidence that supply chains are healing. However, although the worst may be over, most goods transported under contracts cost more. Inflation has wreaked havoc on many segments of the chain. Shipping container cost, for example, from Asia to the US West coast, is up more than 15x, while short-term prices for

Read More
Supply Chain Management

Supply Chain Health—2023

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

Read More