The vital importance of the electronics supply chain, current challenges, and changes required to mitigate supply disruptions and meet the electronic industry’s evolving needs in the years to come.
Supply chain disruptions and chip shortage have become household terms in recent times. COVID-19 highlighted the vulnerability of supply chains of countless industries and their critical role in the global economy. Companies across the electronics manufacturing value chain have been affected. At last count, the semiconductor shortage has already cost the automotive industry alone over $150 billion in revenue. With robust supply chains critical to the health of economies around the world, this paper examines the vital importance of the electronics supply chain, current challenges, and changes required to mitigate supply disruptions and meet the electronic industry’s evolving needs in the years to come.
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