Thanks for the post Barbara. It is always better to maintain a healthy relationship with the customers in providing maintenance support or technical service. This help companies in long turn by these customers satisifaction they will get more orders and even new orders from outside.
The role of the multiple environmental/natural disasters played in this downturn has kept the the recovery down. We just can only hope that as the industry picks its way through the catastrophes, it will have enough time to pick itself up before the next.
This downturn is different because it came just after recession followed by a very unexpected quick recovery. The manufacturers are still hopeful so they are not lowering the prices but they are cautious about the demand and supply. This is not bad but still we should expect good days to return.
Saranyatil, I believe if the good news from Europe continues and the economy of the US continues to grow, coupled with appropriate adjustment by the OEMs to the anticipated slow down, then 2012 will likely be better.
Many manufacturers have certainly learned from the previous downturn and took preventive actions. Some might have even revised their expectations. We can just hope that the downturn will be soon behind us.
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.