As OEMs continue to struggle to secure essential components, engineering teams are being asked to consider component sourcing when developing the next generation of their products, reports EPS News.
A recent survey found a majority – 74 percent – of global companies polled said access to electronics components has been a very significant challenge. Nearly half of respondents are qualifying devices at the beginning of the design process.
The inability to source components has frustrated design and procurement teams. Respondents pointed to higher component prices and delayed production schedules, with more than 8 in 10 saying those issues have worsened. Further, most are preparing for prices to continue increasing (29 percent) and lead times to continue to lengthen (26 percent).
“But pricing has become secondary to the issue of simply securing components,” says EPS. Production lines have sat idle as manufacturers await devices that are key to their products – the so-called “golden screw.”
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
