Component Shortages to ‘Last Well Into 2022,’ Execs Predict

The challenges related to semiconductor and other component shortages will be with us for a considerable time, according to more than a dozen manufacturing executives. We asked these decision-makers and their partners about  current issues; the impact of shortages; how long the scarcity will last and how they are protecting themselves from counterfeit goods. We…

counterfeit ICs

Shortages Underline the Need For Better Component Data

The current component shortages are rocking the electronic manufacturing industry as well as the industries that depend on them, which, let’s face it, is most industries. Who’d have thought that a handful of electronic parts could halt production of millions of dollars or automobiles around the world. Well, that’s exactly what happened, and there have…

EMS Grew 7.5% in 2020 as Industry Reaches $595 Billion

The worldwide contract manufacturing (CM) market experienced an excellent increase in revenue—an estimated 7.1 percent—which is far in excess of the annual worldwide GDP rate of –3.2% as established by the International Monetary Fund in 2020, according to New Venture Research (NVR) in its annual electronics manufacturing services report. The industry reached an all-time high…

supply, forecast, grim

The Pandemic Playbook: What Covid-19 Taught Us, Part 2

Editor’s note: This is the second part of a series examining the electronics industry’s response to the global Covid-19 pandemic. Going digital Electronics companies are adjusting their business strategies in the wake of the global Covid-19 pandemic. Hand in hand with a push for efficiency is a greater willingness to invest in and work toward…

The Pandemic Playbook: What Covid-19 Taught Us, Part 1

While 2020 is behind us, the continuing global pandemic has taught a host of supply chain lessons, highlighting both the strengths and weaknesses of electronics suppliers, distributors, and manufacturers. In the turn of a calendar year, this traditional industry has gone from embracing the way it’s always been done to looking at new ways of…