Supply Chain Security, Evolving Business Models, Regionalization, Vertical Integration and Data Analytics Are Top of Mind for Supply Chain Managers This Year
For individuals and businesses alike, the beginning of a new calendar
year represents an opportunity to reflect on the attitudes and
activities that served us well in the previous year, those that fell
short of our expectations, and the prospects and challenges that lie
ahead. To jump start the new year, Avnet
Electronics Marketing, an operating group of Avnet,
Inc. (NYSE: AVT)
offers insights into trends that will influence the global supply chain
this year.
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“As new, disruptive technologies emerge and demand for high tech product
infiltrates more regions around the world, the supply chain will
continue to grow in importance. This is why supply chain professionals
need to be cognizant of a multitude of issues that can either derail
their supply chain or propel it to greater competitive advantage,” said
Lynn Torrel, senior vice president global supply chain and strategic
accounts at Avnet Electronics Marketing.
Here is a brief look at five factors that Avnet’s supply chain experts
believe will shape the global electronics supply chain in 2015.
1. Supply Chain Security: As digital technology, cloud storage
and mobile systems access continue to proliferate the supply chain, new
cyber threats including malicious counterfeits and cyber espionage are
on the rise. Supply chain managers need to be aware of these emerging
threats and develop proactive risk management strategies to protect
their physical and digital assets.
2. Merging of B2B and B2C Business Models: Meeting consumers’
ever-increasing demand for speed, competitive pricing and product
personalization is setting the stage for a new trading model that SCM
World defines as B2B2C (business-to-business-to-consumer).
Strategies such as omnichannel and segmentation will be among the top
drivers of a successful B2B2C supply chain.
3. Data Analytics Hits its Stride: With the growing recognition
that not all big data is useful and not all useful data is big, more
supply chain organizations will embrace the benefits of predictive
analytics, starting with wringing more value out of the data and systems
already in place.
4. Regionalization Will Enable Further Globalization: Leading
manufacturers will define their emerging market manufacturing footprints
based on a more thorough total cost calculation, which will likely
translate to more regionalized strategies to locate production closer to
demand – wherever that demand may be.
5. Vertical Integration Makes a Comeback: 52 percent of
manufacturing companies expect to be “highly vertically integrated” in
the next five years, according to the SCM
World’s 2014 Chief Supply Chain Officer report. Those pursuing this
model must be particularly vigilant in their sourcing and forecasting
activities, as exposure to disruptions will rise while flexibility to
respond to demand changes will decrease.
A more in-depth discussion of these issues can be found on the Avnet
Insights blog site.
For more supply chain insights from industry thought leaders including
Intel, Flextronics, Lenovo and SCM World, visit http://scnavigator.avnet.com
to read Avnet’s new Supply Chain Navigator digital journal.
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About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based
Avnet, Inc. that serves electronic original equipment manufacturers
(EOEMs) and electronic manufacturing services (EMS) providers in more
than 80 countries, distributing electronic components and embedded
systems from leading manufacturers and providing associated
design-chain, supply-chain and value-added integration services. The
group's website is located at www.em.avnet.com.
About Avnet, Inc.
Avnet, Inc. (NYSE: AVT),
a Fortune 500 company, is one of the largest distributors of electronic
components, computer products and embedded technology serving customers
globally. Avnet accelerates its partners' success by connecting the
world's leading technology suppliers with a broad base of customers by
providing cost-effective, value-added services and solutions. For the
fiscal year ended June 28, 2014, Avnet generated revenue of $27.5
billion. For more information, visit www.avnet.com.
Avnet Electronics Marketing
Heidi Elliott, 480-643-7584
Director, Marketing Communications
[email protected]