Trade uncertainty has dominated the high-tech supply chain since the U.S. slapped tariffs on many Chinese goods in 2018. More recently, the Covid-19 pandemic has raised concern about future pandemics, after shutting down global supply chains and trade routes, says Electronic Purchasing & Supply (EPS) News.
Future supply chains may feel very uncertain in these times but manufacturing and procurement organizations can mitigate the impact of such events by focusing on things they can manage.
Referring to studies by global researchers, Gartner, EPS says “While in the past, a good supply chain was efficient and powerful, it must now be agile and fast.”
To achieve this, they recommend focusing on digitising the supply chain: “Automating such tasks reduces paperwork, expedites commerce, improves transparency and provides data that can be used for forecasting.”
The top barrier to a digital supply chain today is culture, said Gartner, followed by legacy tech, usable data and legacy processes. Supply chain officers must work with partners across the business to overcome those barriers and enable their CEO’s digital business ambitions.
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than 27 years of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.
With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.
For more help with looking at supply chain options, contact Astute Electronics.