When it performs excellently, a supply chain can allow one electronics manufacturer to pull ahead of the pack in terms of responsiveness, flexibility, and capabilities. It can make the difference between end products getting into customers hands first or behind the competition.
Going forward, supply chain strategies will become more important than ever before for electronics companies in the United States. Questions of cost, quality, and lead times are what separate winning products from those that fail. In particular, smaller manufacturers need to be strategic to stay competitive.
This year, President Barrack Obama has made supply chain innovation a key spoke in his strategy around economic profitability and competitiveness of the U.S. For example, last month, the White House Supply Chain Innovation Roundtable gathered leaders from over 20 manufacturers and suppliers committed to strengthening small manufacturers in their domestic supply chains. A press statement noted the importance of this type of initiative:
For decades, manufacturing has been essential in driving American growth and building our middle class—and after a decade of decline in the 2000s, when 40% of all large factories closed their doors, American manufacturing is playing that role again. Since February 2010, U.S. manufacturers have added nearly 900,000, the longest period of sustained manufacturing jobs growth in decades.
A new infographic from the National Institute of Standards and Technology’s (NIST) Manufacturing Extension Partnership (MEP) looks at the current state of the U.S. manufacturing supply chain. Take a look and let us know what you think.
— Hailey Lynne McKeefry, Editor in Chief, EBN