The pace of change in the supply chain is increasing rapidly as factory of the future and Internet of Things (IoT) change the way that electronics manufacturing is done. Meanwhile, big data, mobility, cloud computing, and other new technologies are offering are unprecedented visibility into every corner of the electronics manufacturing.
A study titled The State Of Supply Chains In 2015: A Survey Of Electronics Manufacturing, explained it this way:
New technology innovation is unleashing massive disruptions in the marketplace that fuel more complexity in supply chains — including extra processes, suppliers, channels, transportation and logistics. Synchronization between all groups is more important than ever, especially for large enterprises with global supply chains and suppliers. To make smarter business decisions today and prepare for next-generation products, businesses require enhanced visibility across their end-to-end supply chains.
The study, which was sponsored by Jabil and conducted by Dimensional Research, surveyed 315 supply chain professionals in the electronics industry. “The goal of the survey was to understand experiences, challenges, and trends with the supply chains of electronic manufacturing companies,” the study said.
The survey uncovered some basic truths:
- Supply chain visibility is in short supply, a reality that slows responsiveness and growth.
- Manufacturing companies can benefit from end-to-end supply chain solutions.
- Today's manufacturing processes cannot support factory-of-the-future functionality.
- Today's supply chains are not prepared by the exponential growth that will be driven by IoT.
The infographic below provides a detailed look at the survey's findings. Take a look, and then let us know the biggest challenges and drivers in your supply chain in the comments section below.
— Hailey Lynne McKeefry, Editor in Chief, EBN