29 Jan 2021 -
 General

Companies struggling to manage supply chain, says report

While managing supply chain disruptions is top priority for nearly 70% of companies, says MachineDesign, many companies don’t know how to approach the change. 

Quoting a survey by technology research company, ISG, they say, “There is considerable caution about how much to adjust business capabilities to more safely manage the impact of the pandemic. Only a minority of respondents to our survey have decided to try a new approach.”

The survey conducted towards the end of 2020 found:

  • For 68% of respondents, managing supply chain disruptions will be a key priority over the next 18 months.
  • Many of these companies do not yet know how they will adapt their ecosystems in response to the crisis, whether through mergers and acquisitions, industry consortia or a return to internal sourcing.
  • Nearly nine out of 10 manufacturers see customers demanding more digital engagement with them, especially additional opportunities to design the products they ask for.
  • Two-thirds also see their customers seeking more choices in how to communicate with them.

To help manage the change and 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.

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 here

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