JANUARY 20226 MANUFACTURING TECHNOLOGY INSIGHTSThe electronics manufacturing industry has been changing rapidly over the past few years. Unfortunately, this has meant that many companies have had difficulty keeping up. While there have been a variety of changes, a few look to continue making an impact in the coming years. Because of the considerable impact, these may have, every company in the sector should be aware of how they may be affected.The electronics industry as a whole has been increasingly embracing the Internet of Things (IoT) sphere. This is the interconnection of different pieces of equipment and appliances that are connected through an internet connection.The electronics manufacturing industry has been leveraging this technology in various ways, each of which has had unique benefits. Prominent among these has been cost reduction, product innovation, increased efficiency, and improved safety.Traditionally, many electronics manufacturers have had a business-to-business (B2B) approach to operating. However, this has been shifting to the business-to-business-to-consumer (B2B2C) model in recent years, which allows manufacturers to sell directly to consumers. This has allowed for a variety of benefits. Prominent among these has been an increased profit, as companies can avoid factoring in a retailer. It also provides a faster time to market, which many firms may want to take advantage of. This is enhanced by better consumer data, allowing manufacturers to tweak their products or services, providing better customer relationships. Brand control can also play a factor here, as companies have more input into all sales areas.Increased use of technology has been one of the defining trends in many industries. However, training in this technology hasn't kept up the pace, which has led to a skill shortage in many niches. This includes the electronics manufacturing field. As a result, many companies have had difficulty filling many of their vacancies. However, there are two ways that firms have been attempting to overcome this problem: to offer training to prospective hires.Knowledge can be key when it comes to planning for the future. This means that every business should ensure they know what will affect the industry in the coming years. By doing so, they'll be able to adapt and overcome any potential challenges before they impact business too severely.Let us know your thoughts.The Transformation of Electronics Manufacturing IndustryEditorialCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.com January - 17 - 2022, Vol 08 - Issue 01 (ISSN 2644-2493) Published by ValleyMedia, Inc. To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerChris LynnAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on our interviews with CIOs and CXOs
< Page 5 | Page 7 >