Developing Disaster Preparedness Strategies in the Electronic Components Industry
The electronic components industry has to prepare for the unexpected so its supply chains do not experience disruption. However, this is easier said than done. What are some practical steps to prepare for the unexpected? Read on to learn more.
Supply Chain Realignment and Reshoring in the Electronic Components Industry
Many manufacturers are now looking into reshoring in light of supply chain disruptions caused by the coronavirus. As new supply routes open up as a result, how will this change supply and demand?
What Does Supply Chain Digitalization Mean for the Electronic Components Industry?
Supply chain digitalization is something of a buzz phrase in the industry right now. What does it really mean, and more importantly, is it really beneficial for companies? The data is somewhat surprising; company's which choose to stick with the old analog ways may struggle in an industry that is continually evolving. Take a look at how companies can evolve with the times and embrace digitalization today.
Three Ways Procurement Specialists Can Create Agile Supply Chains in the Electronic Components Industry
Creating an agile supply chain that can react quickly and decisively to unforeseen events is crucial. The pandemic has shown this very clearly, and now, companies should not wait on insulating their processes. Take a look at these three suggestions on creating agility in the supply chain structure of today.
Why Small and Medium-Sized Electronics Companies Should Embrace Supply Chain Ecosystems
The supply chain ecosystem has effectively become digitalized in the 21st century. With its advancements and ability to instantaneously transfer data to systems, it is no wonder that large corporations are leaving behind the old analog systems of yesterday. However, small to medium-sized businesses must do the same before they get too far left behind in today's procurement climate.
3 Tools Electronics Manufacturers Can Use to Improve Workflows
One of the most powerful means of digitalization in the electronic manufacturing space is through application programming interfaces (APIs). Learn more about 3 specific API integrations that Sourcengine has available for companies and their procurement departments..
3 Reasons to Build a Resilient Supply Chain Now in the Midst of the Pandemic
A recent survey from Bain & Company reveals not only the necessity of building a more resilient supply now due to the pandemic, but also the benefits from a strategic perspective of growth and revenue in the future.
3 Things Leaders Can Learn From the Semiconductor Giants
Three major tech firms (Intel, Nvidia, TSMC) have a lot to teach us about how they handled the pandemic and continue to thrive in today's 'new normal.' Take a look and see what lessons learned can be applied to your own company right now.
Electronics Manufacturing Trends Accelerated by the Coronavirus Pandemic
The coronavirus's impact on the electronic components industry has not been all negative. Here are two ways it forced manufacturers and all involved in the industry to pivot, develop, and push forward to greater innovation.
How 5G will Drive Semiconductor Demand in 2020
5G technology is a driving force in the semiconductor industry. As companies come out from under the coronavirus pandemic and resume production, they all have an eye on this transformative tech. Learn how it will reshape communities in 2020 and beyond.