A selection of interesting and informative sourcing-relevant links as the weekend approaches.
More businesses are investing in collaborative supplier relationships to be more resilient and agile as the world goes through a difficult time and unprecedented economic changes. One of the linked article’s key insights is about how not to wait to form contingency strategies once a disruption occurs, but instead map out product lines beforehand by way of information exchange between buyers and suppliers.
Literally, a when-the-chips-are down situation. Carmakers find out they have to wait in line as the “volume guys” or tech companies get the lion’s share.
Although China is home to many electronic component factories, it lags behind other regions in IC design, packaging, and testing capability. The government has therefore set up the National Integrated Circuit Standardization Technical Committee (NICSTC), of which Huawei, Xiaomi and Alibaba are members, to help raise production standards. This may also prompt countries looking to improve their domestic semiconductor industries such as India and Britain to follow suit.
British company Binatone launches the MaskFone, a face mask with built-in earbuds designed for people who regularly need to take calls on-the-go such as front liners. This mask is also compatible with Siri and Alexa, which enables users to use it via voice commands.
Sourcing Journal founder Edward Hertzman talks ‘virtual manufacturers’ in a somewhat discursive article that draws on his extensive experience in fashion sourcing.
The disruption and pressure brought by the pandemic to the global supply chain have been unprecedented – forcing many companies around the world to look for sourcing alternatives. Learn the most significant trends that are expected to shape the supply chain industry in 2021, and how these trends will influence the strategies of companies in the coming year.
That’s all for today. Have a great weekend!