Tomorrow’s technologies depend on the availability of electronic components on the market. Components manufacturers are directly subjected to the innovation pace pressure and must overcome many challenges to stay competitive. We gathered market insights and studies in a white paper to help you understand how digitisation has impacted these industry challenges.
Find the white paper "The digital revolution of the electronic components industry" in the following link: https://wisebatt.com/white-paper-the-digital-revolution-of-the-electronic-components-industry.html
1) A faster time-to-market
The electronic components industry is a highly competitive environment where the winner will be the first to deliver the next game changing technology. While electronic components are getting increasingly complex, a shorter time-to-market is also expected. This double pressure might appear might be the main challenge silicon vendors need to overcome. New digital actors have emerged, offering silicon vendors digital tools to better adapt the industry’s fast innovation pace. They aim to help them to better understand their customers’ expectations. For instance, some component comparators use insights based on their users’ behaviours to aggregate data and generate detailed reports. With them, components manufacturers can better understand their client base and predict engineers’ future technological needs.
2) An optimized supply chain
OEMs often have to develop various design alternatives to be prepared for the possible obsolescence lead-time constraints of the chosen components — and thus guarantee production continuity. For this reason, components manufacturers growingly consider supply chain optimizations as is one of the most significant competitive advantage to invest on. They therefore need to focus on their inventory management and the accuracy of their forecasting. At the digital era, it is easier than ever for them to access and analyze detailed data about the market. It helps industry actors to adjust quickly their strategy to the observed changes and predict future actions. For instance, they can precisely decide to restart or stop the manufacturing of specific references at the right time, adjust their lead-times or even adjust the quantity of components stored at the distributors.
3) An important talent gap
For silicon vendors, new technologies such as 5G, Artificial Intelligence and autonomous driving implies high investments in design to remain competitive and reliable — which requires diverse talents with various skill sets. Components manufacturers must attract the right workforce to be able to face all the disruptive technologies. These new innovations not only affect the market demand but they also have an important impact on talent acquisition. Indeed, not only does a digital-oriented strategy require new talent sets, it attracts them. As new generations of highly-skilled workers arrive on the market, companies need to offer them innovative environments. Silicon vendors are expected to invest in cutting edge working tools, which would be aligned with their strategy to embrace the future of technology.
New technologies and digitization might have brought many new challenges to the electronic components industry. They are also part of the solution. Components manufacturers not only need to address future trends with innovative products, but also to adopt new processes to better understand the market’s needs. Read more in the following white paper: https://wisebatt.com/white-paper-The-digital-revolution-of-the-electronic-components-industry.html
Please feel free to write us your feedback about our report!
Source: https://medium.com/wisebatt/3-challenges-facing-the-electronic-components-industry-4d7ce35a2e82
Find the white paper "The digital revolution of the electronic components industry" in the following link: https://wisebatt.com/white-paper-the-digital-revolution-of-the-electronic-components-industry.html
1) A faster time-to-market
The electronic components industry is a highly competitive environment where the winner will be the first to deliver the next game changing technology. While electronic components are getting increasingly complex, a shorter time-to-market is also expected. This double pressure might appear might be the main challenge silicon vendors need to overcome. New digital actors have emerged, offering silicon vendors digital tools to better adapt the industry’s fast innovation pace. They aim to help them to better understand their customers’ expectations. For instance, some component comparators use insights based on their users’ behaviours to aggregate data and generate detailed reports. With them, components manufacturers can better understand their client base and predict engineers’ future technological needs.
2) An optimized supply chain
OEMs often have to develop various design alternatives to be prepared for the possible obsolescence lead-time constraints of the chosen components — and thus guarantee production continuity. For this reason, components manufacturers growingly consider supply chain optimizations as is one of the most significant competitive advantage to invest on. They therefore need to focus on their inventory management and the accuracy of their forecasting. At the digital era, it is easier than ever for them to access and analyze detailed data about the market. It helps industry actors to adjust quickly their strategy to the observed changes and predict future actions. For instance, they can precisely decide to restart or stop the manufacturing of specific references at the right time, adjust their lead-times or even adjust the quantity of components stored at the distributors.
3) An important talent gap
For silicon vendors, new technologies such as 5G, Artificial Intelligence and autonomous driving implies high investments in design to remain competitive and reliable — which requires diverse talents with various skill sets. Components manufacturers must attract the right workforce to be able to face all the disruptive technologies. These new innovations not only affect the market demand but they also have an important impact on talent acquisition. Indeed, not only does a digital-oriented strategy require new talent sets, it attracts them. As new generations of highly-skilled workers arrive on the market, companies need to offer them innovative environments. Silicon vendors are expected to invest in cutting edge working tools, which would be aligned with their strategy to embrace the future of technology.
New technologies and digitization might have brought many new challenges to the electronic components industry. They are also part of the solution. Components manufacturers not only need to address future trends with innovative products, but also to adopt new processes to better understand the market’s needs. Read more in the following white paper: https://wisebatt.com/white-paper-The-digital-revolution-of-the-electronic-components-industry.html
Please feel free to write us your feedback about our report!
Source: https://medium.com/wisebatt/3-challenges-facing-the-electronic-components-industry-4d7ce35a2e82
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