74 DESIGN007 MAGAZINE I JUNE 2022
being delays, high costs, and greater risks. e
four key areas are best known part, BOM vali-
dation, validation of alternates, and risk man-
agement.
Supply chain instability is further com-
pounded by other factors amplified by the
pandemic: the rise of counterfeit parts
impacting trust in the component supply
chain, differing geopolitical interests result-
ing from globalization, labor disruptions
arising across all industries, and increasing
demands to design for environmental sus-
tainability.
All this volatility highlights the dependency
electronic systems companies have on the
other members of the ecosystem they rely on
to bring a successful product to market. ese
include component suppliers, product engi-
neers, and product manufacturers. e reality
is, before the pandemic, although we under-
stood the value of integrating this ecosystem,
recent events have clearly demonstrated its
fragility and the critical need to bridge the
chasms that result in lost innovation, budget
hits, and time-to-market delays.
We see the electronics value chain as
ripe for a digital transformation, given the
persistent chasms that stifle innovation
and product development execution. If the
uncertainty of the pandemic demonstrated
how companies employ digital transforma-
tion to move forward and excel, it's a relevant
proof point to what's possible and to how
new operational paradigms can be adopted
quickly.
So, what can companies, and you, do about
"e Problem?" In part two of this series,
I'll share some of the promising and effec-
tive solutions that are key to supply chain
resilience. is three-phased approach will
shi supply chain resilience to the point of
design and allow companies to optimize not
only their systems design process but also
every link to the stakeholders in the global
electronics value chain. By uniting this value
chain with the engineer's desktop, system
design companies will see higher levels of
digital transformation and the greater profit-
ability that will result as they are empowered
to realize tomorrow's designs today. DESIGN007
References
1. The Dimensional Research, 2020 State of Elec-
tronics Sourcing Decision-Makers Survey; and Life-
cycle Insights, 2021 NPI and Sourcing study.
2. Lifecycle Insights, April 2022.
Stephen Chavez is senior
product marketing manager
with Siemens EDA. To contact
Chavez or read past columns,
click here.
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