How an AI-Applied Supply Chain Enables Efficiency

Today’s supply chains are laden with inefficiencies, as most companies rely on antiquated practices to oversee and manage how goods get from place to place. The supply chain is delicate — even one disruption among suppliers, buyers, and logistics providers can have a trickle-down effect that causes waste, time loss, and increased carbon emissions. With…

3 Tips for Making Supply Chain Management More Sustainable

Sustainability is often little more than a buzzword in modern supply chain management. Multinational corporations set sustainability standards and try to follow them, but the issue of maintaining them across a supply chain can be difficult. True sustainability is a concept built upon three pillars: environments, economics, and people. When supply chain management fails, negative…

sourcing, procurement, strategic

Why Siemens Bought a Supply Chain Company

Where does a supply chain firm fit into Siemens AG’s portfolio? Supplyframe, which Siemens acquired in May, will be integrated into Siemens’ Digital Industries unit and become part of its software-as-a-service (SaaS) offering. In its 18 years in business, Supplyframe has evolved from a components aggregator to a “design-to-source” intelligence (DSI) firm. Its DSI platform…

reshoring

Reshoring 2020: A Wild Ride, but U.S. is Poised for Change

Two leading research firms measure “reshoring” differently, so their analysis rarely agrees. Conclusions for 2020 were no exception, but U.S. manufacturers say they’re committed to reducing their dependence on foreign supplies. The Reshoring Initiative’s index, which tracks jobs and foreign direct investment (FDI), reported a combined total of 160,649 new announcements for 2020. Reshoring exceeded…

Tips for Expediting the Supply Chain Backlog

There is no end in sight for global supply delays stemming from trade restrictions and transportation logjams. Demand continues to rise for U.S.-manufactured goods, but raw material and component disruptions are hindering production expansion. “Recent record-long lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to…

ECIA Announces New Environmental Compliance Advisor Roles

In light of the continued acceleration of global legislation to protect the environment, ECIA’s Global Industry Practices Committee has established advisory positions to enable ECIA members to gain better awareness about regulations that substantially affect the electronic components industry. Don Elario, ECIA’s Vice President of Industry Practices explains the need for these new advisors. “The…

ECIA Alerts Members on Coming EPA Ban of PIP 3:1

ECIA, in collaboration with NAM, is following an important EPA action that will impact component manufacturers, especially those in the supply chain for electro-mechanical components. The Office of Chemical Safety and Pollution Prevention of the Environmental Protection Agency (EPA) has determined that the chemical phenol, isopropylated, phosphate (3:1) (PIP 3:1) poses a risk to the…

U.S. Manufacturing: March Madness

Following six consecutive months of contraction, the U.S. manufacturing industry increased in March by a healthy 2.3 percentage points on the nation’s leading index. The Institute for Supply Management’s (ISM) PMI reached 51.8 percent from the February reading of 49.5. Any number above 50 indicates growth. The PMI is riding high on an increase in…