Electronics Direct’s MD, Craig Hopwood, says success in 2025 will depend on proactive risk management, embracing innovation and fostering strong relationships.
What does the future hold for 2025? A question often asked in strategic meetings with clients. The forecast from here is interesting. While there is an abundance of stock on customers’ shelves and within the franchise chain, there are some manufacturers and sectors starting to see lead times creeping up.
Disruptions: Geopolitical instabilities, recession, natural disasters, trade restrictions, industrial accidents and weather events will continue to impact supply chains.
Lead times: As some manufacturers report increased lead times, businesses must focus on forecasting and inventory management to avoid shortages and meet customer demand.
Semiconductor demand: As semiconductor sales are reported to hit a record high of $53 billion in August 2024 the evidence shows a continued soaring demand for components.
Cybersecurity: With increased reliability on digital systems, protecting against cyber threats will be paramount. Safeguarding production lines and sensitive data is likely to be an ever challenging and moving target.
Environmental: Environmental concerns for the mining of rare earth elements may hinder supply chains and lead to further constraints.
Adaptability and collaboration: Stakeholders must remain adaptable and vigilant to navigate the ever-changing complexities of the global electronics landscape. Proactive strategies and working closely with the supply chain will be crucial.
