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Manufacturing Technology Insights | Monday, January 23, 2023
In today’s ever-changing global manufacturing landscape, electronic manufacturers should realise emerging trends to gain control of their operations across lines and production sites.
FREMONT, CA:Challenges like tightening financial policies, an interest rate hike, a destabilising geopolitical landscape, the soaring cost of living, and rising inflation have had a major impact on the global economy. This has created a sense of uncertainty and concern about the future. They are also affecting the electronics manufacturing industry, however, creating more opportunities in the sector with new trends for electronics manufacturers to consider when building their business strategies.
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Customers’ Voice
Order cancellations and continued part shortages are the primary concerns for customers today. Moreover, although many are waiting for demand to soften, few are observing this. There is an interesting dynamic protecting the EMS industry from a decline. Some economists with an intimate understanding of the tech sector suggest that growth in using technology in a few areas, such as electric vehicles and cloud computing, will offset any overall downturn in consumer spending. Few believe that the sectors in which companies operate may well realise their fortunes in the coming years. The use of electronics in all products and industrial fields continues to grow substantially.
Lack of Available Talent Slow
Some reshoring plans have been slowed or scaled back due to the inability to find better engineering and production operator talent in many countries. This is also a result of geopolitical issues and the understanding that shorter supply chains can be economical and sustainable. Over the past years, many EMS companies have reported a trend of new projects focused on a few manufacturing locations. While those whose supply chains were disrupted during the pandemic are still experiencing lockdowns that are causing problems and are exploring ways to reduce their dependence on some countries. This trend is also driven by consumer sentiment and environmental challenges, with a desire to manufacture closer to the end market.
Supporting the Right Industries
Customers in EV, 5G, Cloud, Solar, Mil-Aero, advanced packaging and emphasising smart factory realisation will continue to explore and engage with new solutions. Newer innovations in pre-reflow AOI and dispensed material inspection are becoming popular and in demand. These industries are recognising the ability and passion to partner with other companies to produce better products more efficiently, and this will continue in the future.
In today’s ever-changing global manufacturing environment, the need for digitalisation is more important than ever. Digitalised processes offer opportunities for optimisation and efficiency even during times of strain and tension and help manufacturers achieve control of their operations across lines and production sites.
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