Definitely outfitting the organization with visibility tools, along with multiple contingency plans for executing a strategic course of action, are necessary in the kind of soft recovery we're seeing. I think the key concept here is fault-tolerance, like a plane designed to be capable of flying even when several engines have been lost.
I would add that developing the talent within the supply chain is also increasingly important. They ultimately have to do the planning, executing, and manage the risks.
Where there are concerns, there are also opportunities.Based on the data presented by BDO, there seems to be a greater demand for better technology tools and systems within a company’s supply chain, specifically in supply chain execution and supply chain visibility for a more adaptive supply chain network.
Tam, you are right. Now the economic growth is upwards and industries are on its path from the recent recession. But scarcity of products is affecting the supply chains. Since most of the electronic components are coming from Japan and neighboring countries, the recent Japan disaster had affected the supply chain very much.
Atleast this kind of worry is a good sign from economy point of view. Japan's disaster taught us some key lessons and hopefully we will learn how to deal with the unexpected disruption.
There is good news here ... economy is recovering which is causing a large part of the concern over meeting demand. As far as natural disasters and/or political unrest, we've certainly had our share this year, which will cause companies to formulate back up plans to ensure continuity of service and minimize any disruption. While companies are feeling pressured now, it will hopefully cause them to prepare for a better, more prosperous tomorrow.
There is good news here ... economy is recovering which is causing a large part of the concern over meeting demand. As far as natural disasters and/or political unrest, we've certainly had our share this year, which will cause companies to formulate back up plans to ensure continuity of service and minimize any disruption. While companies are feeling pressured now, it will hopefully cause them to prepare for a better, more prosperous tomorrow.
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.
Archived Dialogues
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.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
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.
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.
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