![]() ![]() Out-of-stock or delays anywhere along the value chain, whether due to logistical bottlenecks, severe weather conditions, or capacity restraints, can trickle down and result in production delays or trigger the need for a redesign, contributing to inefficiencies and loss of revenue.įurthermore, according to a survey conducted by IPC earlier this year, 86 percent of electronics manufacturers are worried about inflation, and nine out of ten electronic manufacturers are currently experiencing a rise in material prices. Supply chain disruptions and stock-outs can cause severe damage to your brand and your profits. Supply Chain Diversification The Road to Resilience ![]() Rather than responding to supply threats with large inventory buffers, a risky and potentially costly move, companies would be better served by implementing more sustainable risk mitigation tactics focused on design and sourcing flexibility.Ī supply chain diversification strategy with a balanced, thoughtful approach to where and how you choose to diversify may allow you to garner the benefits of both global and domestic supply and reduce geographical clustering and supplier concentration risks that can multiply risk factors. Threats are multifaceted and intermingle, ranging wildly from Acts of God to man-made accidents geopolitical instability, cyber risks, talent gaps and raw material and asset shortages.Ī lack of supply chain visibility, transparency, and control coupled with highly complex BOMs, short product life cycles, and a highly competitive and volatile market for critical components and raw materials make delivering on time, at the right quality, and at the margin expected a challenge, to say the least. The electronic production process is an inherently risky one-the highly complex, interconnected nature of the electronic components supply chain and the ever-increasing speed of technological advancements make it impossible to sheathe yourself from all risks and consistently meet demand. ![]()
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