How Businesses Can Control Costs in an Uncertain Trade Environment

U.S. trade policies are making headlines as the Trump Administration re-examines international trade agreements and implements tariffs on imported steel and aluminum. Cost increases in raw materials, trade compliance or the transportation of goods disproportionally impact small and midsized businesses, according to research by Freightos, an online freight marketplace. Among companies that import infrequently –…

Electronics Manufacturers Favorable on Tax Reform

U.S.-based supply executives are receiving the Tax Cuts and Jobs Act (TCJA) of 2017 favorably. The tax reform, signed into law by President Donald Trump in December, will have a positive impact on U.S. manufacturers’ organizational, strategic and tactical considerations, managers said. The Institute for Supply Management conducted a special survey to gauge members’ familiarity…

Purchasing Execs on 2018: ‘Steady as She Grows’

Even as a pro-business tax reform bill awaits its fate, U.S. manufacturers are investing toward growth. Capital expenditures by U.S. factories outpaced expectations in 2017 and will increase further next year. U.S. manufacturers experienced 11 straight months of growth from January through November, driving the nation’s 2017 purchasing index to 57.4 percent from 51.5 last year.…

ISM Rolls Out New Courses for CPSM Program

Attention, supply management professionals and executives: If you’re serious about advancing your career or helping your team to excel, it’s time to seize the opportunity. The Certified Professional in Supply Management® (CPSM®) program from the Institute for Supply Management®(ISM®) is the gold standard for supply management expertise, achievement and success in the “real world”. CPSM® program requirements…

Can Millennials Cope With a Component Shortage?

As Baby Boomers make way for Millennials in the high-tech workforce, a new generation gap is yawning. The population reared in the digital age is engaging with colleagues whose golden rule is face-to-face communication. The current electronics market will test the skills of both generations. The electronics supply chain hasn’t faced a severe components shortage…

Supply Chain Feels Price & Delivery Impact of Harvey

An already-tight electronics supply chain will get squeezed even more thanks to the negative effects of Hurricane Harvey. Even as a second hurricane was bearing down on the U.S., domestic manufacturers were preparing for prices and deliveries to be significantly impacted over the next three months. Hurricane Harvey struck a significant blow to the Houston,…