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Design007-July2022

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46 DESIGN007 MAGAZINE I JULY 2022 In part one of this two-part series on supply chain resilience, we addressed "the problem" being witnessed throughout the electronics industry regarding supply chain disruptions and their negative effects. ese impacts spot- light a worldwide vulnerability that has been brewing beneath the surface, quietly growing for many years, and which was further mag- nified by the global pandemic. Today, supply chain issues are daily headlines and, in one way or another, professionally or personally, we're all experiencing the negative consequences of these disruptions. e geo-political tur- moil arising from the war between Russia and Ukraine presents the latest twist to the supply chain plot. Now that we have established "the problem," let's get into "the solution." e solution I am referring to enables previ- ously impossible insights and decision support. ese bring new levels of supply chain resilience to the electronics value chain. In practice, supply-chain resilience is the capacity of a supply chain to persist, adapt, or transform in the face of change. According to McKinsey & Company, December 2021, "Supply-chain disruptions cost the average organization 45% of one year's profits over the course of a decade." is leads me to ask: How can businesses manage risk and plan for a more resilient future? ere are several available options in the industry today that can assist in addressing supply chain issues. A great example is Sup- plyframe NPI, an SaaS application that builds supply chain resilience into the product life- cycle from the beginning of the new product introduction (NPI) process, accelerat- ing time-to-market, assuring BOM validation, optimizing Supply Chain Resilience, Part Two: The Solution Digital Transformation by Stephen V. Chavez, SIEMENS EDA

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