Lead times -- or the time it takes between placing an order and it being fulfilled -- for the industry contracted for the ninth month in a row, another indication that we are exiting the pandemic-triggered chip shortage of about two years, reports Susquehanna...
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Uncovering the critical supply chain trends
Mar 16, 2023
Research shows that as many as 91% of supply chain leaders see the current issues with supply chains getting worse or remaining the same. This indicates that the supply chain issues experienced to date will continue for at least the medium term.
According to Coupa, the biggest lesson learned was that leaders recognise they need to take action to make their supply chains resilient, or they risk revenue loss and wasteful spending.
Concerns and priorities varied by region. For example, U.S. supply chain leaders ranked increased costs as their top 2023 concern, while British and European leaders expressed greater concern about geopolitical uncertainties.
U.K. leaders identified making improvements to distribution and logistics functions as the top action they plan to take to support their 2023 supply chain goals.
In Germany, 74% of German leaders plan to make the shift from a global supply chain model to one that is more regionally based.
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