Electronics

Electronics companies are grappling with unprecedented pressures. They face a radically changing world, relentless competition, and short product life cycles. In order to stay alive, they are focused on expanding their offerings and maximizing value. Over the last 5 years, a majority of companies have been outsourcing their manufacturing operations in an effort to lower operating costs and reduce capital investments. This development has elevated the importance of supply chain alignment and product life cycle sustainability. With respect to product life cycle sustainability, companies must reduce their products’ impact by designing them to use fewer harmful substances, be more durable, reusable and recyclable, make products from recycled materials, and keep up with ever changing country specific regulations that can prohibit sale of products. Additionally, companies must reduce their environmental footprint and track compliance with sustainability, including labor standards along the entire supply chain.