When a new product is made in a factory for the first time, there are always uncertainties. And going straight into a large production batch is risky. Many issues can cause that first batch to be a disaster, including: One of the materials/components is not up to standard, or some parts don't fit together as planned The operators, or the inspectors, haven't been trained and make mistakes Some of the operations can't be done as planned in a consistent manner Some of the … [Read more...]
Have You Revised your Supply Chain Risk Analysis?
Last year, I wrote about the Business Continuity Plan (BCP). More and more companies request their suppliers to prepare a BCP, as a structured approach to performing a supply chain risk analysis to get prepared for the risks they are exposed to. If you haven’t revised your BCP in 2020 and 2021, you have probably been caught off guard by recent events. But the question everyone is wondering is, ‘can we even forecast what is going to happen?’ … [Read more...]
Richard Barnett | Electronics Supply Chain Risk Management in 2021 [Podcast]
Let's hear from an electronics supply chain expert about how to improve supply chain resilience and reduce risks... Richard Barnett of Supplyframe, an expert in electronics supply chains with decades of experience in Asia, joins Adrian to discuss risk management & reduction in the global electronics supply chain. After the year many importers of electronics had in 2020, reducing risks, improving supply chain agility and resilience, and planning ahead as standard has now become more … [Read more...]