Executives Increase Supply Chain Risk Concerns

Executives remain optimistic about the global economy at the close of Q2, but not every region is benefiting equally from Covid-19 vaccination rates and re-opened businesses. IPC has raised its outlook for the United States, Europe, Mexico, Australia and Taiwan but notes Japan, India, Indonesia and Turkey continue to struggle. A recent McKinsey survey likewise…

Electronics Hardware Sales Weaken on Digitization Efforts

Electronics hardware sales have weakened and the market will remain under pressure for years as enterprises globally redirect IT resources to the more pressing efforts of digitizing operations to remain competitive in a fast-changing economic climate. The digitization of manufacturing and service operations, combined with the harsh realities of an uncertain economic environment, will in…

Semiconductor Makers Place Big Bets on the IoT Despite Challenges

Despite the challenges ahead, the semiconductor industry considers the Internet of Things (IoT) to be one of the three biggest growth drivers in the upcoming years, according to a joint study conducted by McKinsey & Company and the Global Semiconductor Alliance.  However, this means semiconductor companies may have to rethink their traditional business models, according…

Supply Chain Requires Greater CEO Involvement: McKinsey

Rising complexity in supply chain operations combined with its growing role in assuring enterprise profitability means executives up to the CEO level should devote more attention to this part of corporate operations, according to a research report. As risks pile up in supply chain operations globally, companies are being forced to continually reinvent their systems…

China Seeks to Cut its Dependence on Foreign Chipmakers

The Chinese government plans to spend as much as $170 billion in the next 10 years on developing the country’s semiconductor market as part of plans to reduce its dependence on imported electronic equipment and components. Recently renewed efforts underway in China to increase the country’s production of semiconductors for local and international consumption will…