We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC.
    • Podcast
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Dispatches
      • Empowering Your Performance Edge
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Report: Product launches delayed due to Covid-19

Report: Product launches delayed due to Covid-19

Pandemic-related shortages place new emphasis on the importance of building resilient supply chains, researchers say.

Pandemic delays
June 3, 2020
DC Velocity Staff
No Comments

Pandemic-related component delays and shortages in the electronics industry are highlighting the need for more resilient supply chains, according to a recent study from market researcher Dimensional Research and tech firm Supplyframe.

The study found that more than half of electronics industry product launches have been delayed or cancelled due to pandemic-related challenges; it also found that the situation has led to increased component costs, the need to rework products, and an inability to fill customer orders. 

“That is especially problematic now, in a challenging economy that has increased the importance of driving new business and protecting margins,” the researchers wrote.

Dimensional Research and Supplyframe conducted an online survey of 217 decision-makers responsible for sourcing electronic components at global manufacturers across high tech, industrial equipment, automotive, aerospace, and medical device companies with 500 or more employees. They found that the vast majority of respondents—91%—cite sourcing issues as the cause of product launch delays. An even greater share—95%—agreed that the path to solving component sourcing issues “requires integration of engineering, sourcing, finance, and supply chain teams, including external partners.”

“New product introduction (NPI) is never easy, but the shortages experienced during the coronavirus pandemic have created a new set of challenges for manufacturers across the globe,” Steve Flagg, CEO and founder of Supplyframe, said in a statement announcing the findings. “This experience puts greater emphasis on the importance of building resilient supply chains. That starts in the product design phase with a connected NPI process—enabling effective collaboration across sourcing, engineering, and manufacturing by injecting prescriptive intelligence at every decision point.”

Other key supply chain findings include: 

  • 37% of companies surveyed said their overall component costs have increased
  • 37% also said that they are unable to fill customer orders.
  • 35% said they need to rework products to replace components that are no longer available.
  • 31% said they are now onboarding new suppliers without going through approved vendor qualification processes, increasing their risk.
  • 20% said they have an unusually high number of mistakes due to team members’ stress and distraction. 
  • 17% said they have been forced to select lower-quality component options.

For more coverage of the coronavirus crisis and how it's affecting the supply chain, check out our Covid-19 landing page. 

KEYWORDS Dimensional Research Supplyframe
  • Related Articles

    J.B. Hunt launches electronic signatures to support social distancing—Covid-19 roundup for May 4

    enVista Launches Virtual Operational Assessments to Tackle Warehouse Inefficiencies Amid COVID-19

    Trucker Tools Launches Initiatives to Help Drivers, Brokers Manage Through COVID-19 Pandemic

Recent Articles by DC Velocity Staff

Need an item? Hail a store

Cobot sales forecast for swift rebound from “arid” slump in 2020

ATA cheers court ruling upholding looser hours of service caps

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Cold chain giant Lineage Logistics buys its own rail operator

  • For container lines and ports, what a difference a year makes

  • Outlook 2021: What’s in store for logistics supply chain?

  • Capacity challenges will continue in 2021

  • Cushman & Wakefield Brokers Sale of 170 Acres plus Lease for 1MSF Build-to-Suit for Home Improvement Retailer in Commerce City, CO.

Now Playing on DCV-TV

2mw 01 11 21 thumb

Ocean Sector Shaping the Next Shipageddon

DCV-TV 4: Viewer Contributed
If you're a shipper, it's never good when a rep for an ocean carrier tells you, "You better sit down before you read this." We've been seeing astoundingly high increases in the ocean sector and they seem to have staying power. While the ocean carriers used blank sailings last year to tip the balance of supply and...

FEATURED WHITE PAPERS

  • Proven Benefits: A Compendium of Slotting Optimization Success Snapshots

  • Bridging Information Gaps in Dock and Yard Operations

  • How Intelligent Sensor Solutions Turn Data Into Action

  • Order picking Solutions: Understanding Your Options

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing