Procurement experts, compliance managers, and component engineers are facing a perfect storm of challenges with the electronic component supply chain. Compliance requirements are becoming more strict, counterfeit parts are pervading the market, consolidation among parts manufacturers and technological innovations are increasing the risk of availability and contributing to obsolescence, and parts lifecycles are becoming shorter.
Risks in the electronic components supply chain
- Component obsolescence
- Counterfeit parts
- Non-compliant components
- Sustainability concerns
The costs of poor risk management
- Supply chain breakdown
- Costly product replacements
- Safety and security concerns
- Brand damage
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