The procurement industry is experiencing significant change. Advancements in technology, business practices, and consumer demands are driving this change and transforming the supply chain process as we know it. The industry will always be disruptive in one way or another. It’s the nature of the business.
A new year is a chance to take a step back and put things into perspective so that you can plan out your new goals and prospects. For many in the electronic components industry, as well as many other industries that rely heavily on Chinese manufacturing, this down time quickly shifts into a scramble to secure as many orders as they can before they are hit by an annual freeze in the supply chain. (more…)