Trade wars, tariffs and geopolitical concerns have spurred global electronics manufacturers to reassess their strategies regarding China. But rather than abandon the nation entirely, China Plus One is taking hold as a way to diversify supply chain risks. “Trade dynamics with China have changed,” said Vipul Kumar, manager, procurement and supply chain intelligence for business…
It would be hard to overstate the impact of the Covid-19 pandemic on organizations of practically every type. Industries that were prospering until last year are in bankruptcy now. Customer demand for a wide range of consumer goods has abruptly shifted. Countless public institutions and nonprofit organizations which had been viable until the beginning of…
As the spread of the coronavirus outbreak continues on a meteoric rise, and its toll on human health mounts, the economic effects of the crisis are lining up. Businesses are tasked with several issues to address – guaranteeing the safety of their workers, yet ascertaining operational viability which is now coming under strain given the…
Foxconn Technology Co. Ltd is giving a new meaning to the term “full-service-provider.” It is a contract manufacturer, a supplier of a wide range of parts and services to electronics OEMs and, since last year, a provider of critical financing support to suppliers. By setting up a business unit to fund suppliers, Foxconn has cracked…
Plexus Corp. (PLXS), said its board of directors has approved a new stock repurchase program under which the company is authorized to repurchase up to $30 million of its common stock during fiscal 2014. The planned repurchase represents approximately 3 percent of current market capitalization and is expected to be funded with existing cash. The…