By Jack N. Germain
As the world came to a halt due to the COVID-19 pandemic, weddings, vacations and celebrations postponed, the electronics supply chain has been experiencing setbacks and postponements as well. Many of the electronics industry new product launches have been delayed or canceled due to sourcing issues and the effects brought on by the pandemic.
The report, "2020 Trends in Electronics Sourcing," indicates that 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.
The report's findings are especially problematic for a challenging economy under greater pressure to drive new business revenue and protect margins, according to Supplyframe, an intelligence platform for the global electronics value chain.
