10 Nov 2022 -
 General

Chip shortage is THE opportunity to strengthen strategic relationships

business partners

An article in Electronics Products & Technology makes the point that now is the time for OEMs to strengthen their strategic global sourcing partners.

“Engineers are strengthening their reliance on strategic relationships with partners, such as distributors, as they seek to mitigate the complexities of the global components market.”

According to the report, the concern lies more with the ongoing shortages than overall market conditions. Over three-quarters (79%) of respondents in the survey polled by Avnet said component availability is of most concern to them, compared to 18% who noted market conditions.

“The ongoing challenges have underscored the importance of strategic design and supply chain services – and engineers and product designers are taking notice. Nearly a quarter (23%) have begun testing and qualifying multiple parts that meet requirements early in the design process to design-in flexibility. Additionally, organizations are adjusting their supply chain strategies to build up buffer inventory (23%) and lengthen supply agreements (21%).”

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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