COVID-19’s rampage is causing the electronics industry worldwide to suffer supply chain setbacks. Product innovation remains incredibly important in today’s new normal, but more than half of electronics industry product launches have been delayed or canceled due to the pandemic, suggests a new study. COVID-19 also has led to increased component costs, the need for manufacturers relying on the global electronics value chain to rework their products, and the inability to fill customer orders.
Loading ...
Report: Shortages Threaten Electronics Supply Chain
Posted by: Jack M. Germain May 26, 2020 11:43 AMCOVID-19’s rampage is causing the electronics industry worldwide to suffer supply chain setbacks. Product innovation remains incredibly important in today’s new normal, but more than half of electronics industry product launches have been delayed or canceled due to the pandemic, suggests a new study. COVID-19 also has led to increased component costs, the need for manufacturers relying on the global electronics value chain to rework their products, and the inability to fill customer orders.