The pandemic has caused a pause in the market for electronic new products

In addition, there has been an increase in the redesign of electronic products around component shortages. This means that product design must now 'de risk' early in the design cycle.

Steve Flagg, CEO and founder of Supplyframe: "80% of the lifecycle risk and cost of a typical hardware product are determined during the product design process. The company needs to check what happened during the design phase, as there is often a disconnect in the design phase. ”

When only considering product delays, the above cumulative figures become worse: a study found that 91% of surveyed electronic product manufacturers reported that procurement issues caused product delays in release. More people agree that OEMs must integrate engineering, procurement, and suppliers to overcome the challenges posed by large