Here’s Why Diversifying Your Electronic Component Suppliers is More Important Than Ever
This white paper details why the last few years introduced an unprecedented level of disruption into the electronic components supply chain, and how OEMs can better address present and future challenges by embracing supplier diversification.
Why Supplier Diversification Is Important
In the last few years, the global electronic components supply chain has been through a lot.
The 2018 passives bottleneck, the U.S.-China trade war, COVID-19, and the 2021 global semiconductor shortage have highlighted the weakness of the current ecosystem. That upheaval has prompted unplanned factor shutdowns and major revenue losses for chipmakers.
Simultaneously, OEMs have been saddled with higher-than-expected tariffs, extended lead times, and stockouts.
If there is one lesson to be taken from the last half-decade, it is that traditional methodologies do not work.
Pandemics, geopolitical conflicts, and nonseasonal shifts in consumer behavior did not give warnings before they struck. Accordingly, companies need to operate in the landscape where “the new normal” changes annually.
Contents
- Why Semiconductor Supply Chain Disruption Are Becoming More Frequent
- Technological Advancement is Affecting Component Availability
- The Long-Term Promise of Expanded Production Capacity
- Supplier Diversification Is the Best Way Forward
Download this white paper and discover the best ways for companies to mitigate ongoing and future supply chain problems is greater supplier diversification. And the best time for professional buyers to take action is now.
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