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Tech companies: Ways to insulate yourself from supply chain woes

Nov 4, 2022
Product development

A long Venture Beat article written by software developers, QT Company, makes the case for better integration within companies as a way to mitigate against shortages.

“Businesses of all sizes need to unite their internal clans. Too often we’re seeing a siloed approach to development and design — whereby few aspects of product design are collectivized. The siloed approach is inherently inefficient, causing highly complicated development and design feedback loops.

“There are areas of disconnect where there can be a dissonance between the designers — who for example might be focused on UX and the interface itself — and the developers, who are often more concerned with the technical functionality of the product. Breaking down walls between these two mindsets from the get-go is vital for innovating around practical challenges such as those created by the current supply chain issue.

“We commissioned Forrester, at the peak of the crisis this year, to take a closer look at to what extent businesses in the embedded device and connected product world were affected — and the results were worse than we expected. Delays in semiconductor provision are affecting 62% of organizations’ ability to deliver new products. For nearly a third of these organizations, these delays are lasting for seven months or more. So this isn’t just an issue that’s only affecting the shiny, customer end of things.

“The connection between the semiconductor chip shortage and what digital products and services your business can profitably develop right now, are far more closely tied than many think.”

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