Major Shifts Required in Electronics Industry Supply Chain Management to Address Today's Volatile Global Environment -- Technicolor

Fundamental shifts in trade policies and other geopolitical developments in the wake of the COVID-19 pandemic are causing leaders of major companies and institutions to re-examine priorities, processes and relationships that underpin value-chain operations in the global electronics according to executive roundtable hosted by Technicolor Connected Home
By: Technicolor Connected Home
 
Technicolor Connected Home
Technicolor Connected Home
ATLANTA - Sept. 3, 2020 - PRLog -- Unprecedented disruptions over the course of 2020 have introduced new dynamics into the global electronics industry supply chain. Addressing them will require a long-term strategic response from key participants across the ecosystem, according to a virtual executive roundtable discussion recently hosted by Technicolor Connected Home (www.technicolor.com).

The industry has long dealt with all sorts of crises and volatility. However, fundamental shifts in trade policies and other geopolitical developments in the wake of the COVID-19 pandemic are causing leaders of major companies and institutions to re-examine priorities, processes and relationships that underpin value-chain operations in the global electronics sector.

These were among the conclusions from a virtual roundtable discussion that featured over a dozen senior executives representing different links in the electronics industry supply chain, including:
  • Network service providers operating in Europe, and in the Americas -- including the United States, Canada and Mexico;
  • Global Multi-modal logistics providers;
  • Logistics technology service providers;
  • Major consulting firms; and
  • International industry associations.

Operating under the Chatham House Rule of engagement, the executives engaged in a candid discussion that explored the emerging global supply chain landscape and its operational implications.

Strategic Shifts

While supply chain management leaders are no strangers to volatility that can disrupt operations -- from natural disasters, regional geopolitical conflicts or economic factors that cause resource shortages -- the global and sustained nature of the COVID-19 public crisis has exposed vulnerabilities and ignited new risk factors that will likely transform international trade. This will leave an indelible mark on the production and movement of goods on a global scale, roundtable participants agreed.

A consensus was formed around the notion that cost pressures that have driven supply chain management for the past several decades are not going away. There was an equal counter consensus that the industry would be well served to develop new priorities around the principles of continuity, agility, resilience and transparency (CART) as the global economy moves into a new era of engagement.

Success, roundtable participants agreed, will depend on the long-term health of supply chains, which will require investments in the development of even more sophisticated long-term relationships that are built on trust.

To read the full executive summary of the executive roundtable hosted by Technicolor Connected Home, visit:

https://connected.technicolor.com/report/the-new-supply-chain-management-imperatives-for-the-electronics-industry

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