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When Elon Musk speaks, he usually draws attention. This time is no different. When asked about the reason for recent price increases in Teslas, his response gave an acute look into the state of the electronic component supply chain shortage and the consequences it might have for manufacturers and consumers. According to a May 31st…
Ever since the mid-90s when the U.S. decided to enter into the open market to source its technology and critical inventory, military and defense supply chains have seen two conflicting narratives play out simultaneously. One, the transition to a multi-tiered supply chain system has accelerated the expansion of military and defense tech at a rate…
The COVID-19 pandemic has been and will long be looked at as a historic turning point for supply chain management. It’s not every day that businesses experience such a clear and impactful notice of their shortcomings. Although they may seem difficult to overcome at the outset, these disruptions will ultimately, in turn, lead to better,…
The goal of any OEM or EMS provider is to identify and mitigate any risk associated with the design and production of their products. While this may be simple to say, what form such risks take can be broad and at times unpredictable; geopolitical uncertainty, unexpected component obsolescence, raw material shortages, and unforeseen externalities, such…
Collaboration and communication between parties has always been the essence of a sound supply chain, but COVID-19 disruption has made it a necessity. This is true between suppliers and manufacturers, but also between independent solutions providers and their customers, which are increasingly becoming staples of the successful supply chain. According to an article in Supply…
Supply chains around the world are still feeling the drastic effects of the COVID-19-caused lockdown of the global economy, and various industries are having to dig deep to find ways to move forward despite the setbacks. The medical industry has been getting a particularly high amount of press. As demand continues to spike, supply has…