Sustainability is a Must-Have not a Nice-To-Have

Sustainability is not a buzzword anymore, however, the concept of sustainability remains abstract and complex if it lacks context to make it relatable to people’s day-to-day experience. Though everyone may have different understandings and interpretations of sustainability, we all know that the goal is to minimize negative environmental impact resulting from human activities. This explains why food & beverage, pharmaceutical and apparel industries are taking a lead in sustainability and supply chain transparency. For electronic products, sustainability will never come...

Will Electronic Component Distributors Disappear? (Part 1)

Undoubtedly, electronic component distributors have contributed to the tremendous development of the electronic manufacturing industry for a long time. Being the middleman between electronic component manufacturers and buyers of components, distributors provide value to both parties, allowing them to maintain and grow their business. The diagram below demonstrates the role of component distributors in a simplified supply chain. Distributors offer major value to buyers by addressing 3 key procurement needs: They provide purchasing channels for small manufacturing companies who cannot purchase...

‘Ethical Sourcing’ The Next Electronic Industry Trend

What is ethical sourcing? Essentially, adoption of ethical sourcing reflects the respect to the people and our plant. Ethical sourcing gets rid of the outdated opinion of making profits by solely focusing on needs of end customers in terms of quality, price, delivery and service.  Instead, it incorporates needs from more comprehensive stakeholders along the supply chain, especially those from frontline workers. Ethical sourcing practices are to ensure that products being sourced are manufactured by legal workers who work...

Catastrophic Risk Prevention

Analyze financial health to prevent catastrophic risk in your supply chain With increasing occurrences of disturbing events, such as companies going bankrupt, how to predict and prevent the catastrophic risk becomes one of the most important considerations of executives and managers. Such events could adversely impact production and order fulfillment, resulting in financial loss as well as brand damage. Considering data collectability, accuracy and comparability, data from financial statements is applied to evaluate and predict the catastrophic risk. Financial Risk Evaluation Measures...