Product innovation remains important in this “new normal” that companies are operating in, yet more than half (53%) of electronics industry product launches have already been delayed or cancelled due to the pandemic, according to a new report from Dimensional Research and Supplyframe.
In “2020 Trends in Electronics Sourcing,” the companies say 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. “That is especially problematic now,” they say, “in a challenging economy that has increased the importance of driving new business revenue and protecting margins.”
