I agree with the blog and subsequent post. I am in the electronics design and manufacture industry and it appears we have been bobbing up and down not really going anywhere for a long time now. We too have decent cash reserve in the bank but we are continually trying to reduce costs for fear of things degrading again. We are not hiring nor travelling that much. With the recent press articles talking about double dip recessions and country debt mountains etc. I cannot really imagine we will see boom times for several years to come.
Without getting political, it's been very frustrating for me to see how these talks have been playing out thus far.
Unfortunately, Bolaji, I agree with you on the potential damage that might be done and further agree that hiring in this environment is pretty much a complete shot in the dark. Which is incredibly unfortunate.
As for the supply chain concerns, this is especially concerning to those of us working in electronics because the outlook on what to expect for this upcoming holiday season seems to change on a daily basis. It's hard for me to speculate on potential product demand because there is just so much uncertainty and so many things that may go wrong, but if I'm too pessimistic and things aren't so bad... well, we lose in that scenario as well.
Anyhow, I hope this is all resolved very soon because the last thing we need is further economic turmoil.
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.
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.