Excellent article. Though it talks more about how we define an open market and how everyone is a part of it, I think the core message should be to appreciate the inevitable value of the open market. I think it is time to accept the reality and work on it to ensure that no one suffers from fake products rather then refusing to accept the reality and downplaying all the good points about it!
I was thinking a new phenomenoum potentially is raising; any markets in general have to accomplish specific rules according to supply chain and agreements among Govs. Giving the fact several supply chains are not located in one region but across the globe, are we meaning "Open Market" could bypass Govs' agreements with political impacts too?
The concerns raised by some on the acquisition of Converge by Arrow Electronics should not be viewed as just negative propaganda in light of possibility of inaccurate forecasts that could create false shortages and excesses in the supply chain. The merging of these two giants could create opportunites for market forecast manipulation with surplus inventory made available in the open market. The flip side is artificial shortages that will shoot the stock prices higher because of less supply.
The open market is free to all and counterfeiters will have an easy place to dispose of their wares with no restrictions.
Gene, Thank you for taking the time to explore some of the issues related to the "open" or broker market versus the franchise distribution market. I know many would like to pretend the broker market is not acceptable or borders near being illegal but it provides a service and is used by many in the industry. Your explanation, though, creates the impression the "open" market is akin to vultures or hyenas clearning up behind the big cats. I hope that is not the point you aimed to bring out, or is it?
We all must remain mindful of the issues with counterfeiting in the broker or "open" markets. The products sold by brokers are not typically supported by the full manufacturer's warranty. The open market environment is ripe for the counterfeiters and due diligence must be done to ensure these products are legitimate and not from a counterfeit source......Buyers beware!
I think a free or an 'open' market is an essential element for ensuring efficiency in the market and making it stay competitive. The acquisition of Converge by Arrow Electronics has reduced one player from the market. This makes Arrow have a stronger position in the market. As the number of players reduce from the market, the competition in the market reduces. That's one major reason why governments should monitor acquisitions and not let these be at the freewill of corporations.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.