You are an old hand in this business so you know when things go quiet and sales decline, the best hands in the industry burrow into the soil and hustle up some fantastic stuff.
@Bolaji, I totally agree with you. I feel recession and high unemployment is blessing in disguise for some companies because they can hire highly skilled people at reasonable cost. I feel recession is also good for M&A activity because valuations reach rock bottom.
Infineon Technologies AG told industry watchers this week that the global economic jitters are causing a general slowdown, and that customers are pushing back on orders.
@Jennifer, No body can predict the end to this slowdown and recession. Market's are so volatile and choppy its very hard to plan the next moves. After US/Europe, slowly developing nations like India/China are entering the slowdown phase because of inflation concerns. I think this problem will go beyond 2012.
I'm curious as to why the decline in sales, is it because consumers are seeing lower demands so they need less components or because Infineon had to raise prices due to higher costs, etc.? More competition? China?
Jenn, You'll be amazed what people are thinking about the next few years and what they are cooking up in mom and dad's basements/garages. You are an old hand in this business so you know when things go quiet and sales decline, the best hands in the industry burrow into the soil and hustle up some fantastic stuff. (Is that where the iPad was made (2008 recession) or the iPhone (2000-2002 downturn))? I don't know but I reported on something similar to this in my latest blog (The Next Five Years).
Five years ago, we didn't have the iPad or Android. Groupon wasn't founded until 2008, right in the middle of the recession, and Facebook in 2004, just as the industry was emerging from a nasty recession. The high-tech industry is going to have a different feel five years from now. What that will be is unknown to me but I look forward to it.
Jenn: I'll take that action! :-) It reminds of a bingo-type game we used to play during conference calls, where the grid was made up of terms such as "synergy" "bandwidth" "coopetition" "robust solution" and other buzzwords of the day. Let's touch base at the end of the day to total up the mentions so we can get back to the key players with a value proposition.:-)
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.