Trend
Electronics industry trends in 2022 By Sam Cowley, founder, OEMSecrets
T 1
his will be the year when OEMs, CMs, EMS and engineering firms will invest heavily in market intelligence tools to track supply chain disruptions, as
shortages continue to affect the supply chain. Many electronic components analysts expect the market to suffer significant discrepancies between demand and supply. Reflecting back to trends highlighted by OEMSecrets’s analysis for Q3 of last year, experts at Intel and other top semiconductor executives agree that supply chain challenges are likely to remain at least until 2023. Hence, our 2022 key predictions of crucial interest to engineering companies are as follows:
Automotive and data centre components will be more expensive.
Te supply of components to the automotive industry was seriously affected in the past two years, with scheduled orders being cancelled and, as a result, production even stopped. Te recovery demand in the automotive sector has substantially exceeded supply and the reality is there are just not enough chips for all verticals, which adds to price volatility. Not only have automotive OEMs
04 March 2022
www.electronicsworld.co.uk
and EMS had trouble over the past year restocking their factories for continuous production, but analytical data from forecasting tools indicates that price hikes up to 20% for parts like MCUs and power management ICs (PMICs) continue in Q1, 2022. Te price increases of chips can be attributed to increased costs of raw materials, as chipmakers struggle to obtain precious materials like silicon, copper and gold. Working from home directives across the
world call for more data centres to be set up, which in turn increases demand for more MOSFETs, power management units and Wi-Fi systems, to scale the production of equipment for smooth connectivity of the online workforce.
2
Digitalisation of procurement. Digitalisation has changed customers’ buying behaviour and
that has meant that consumers demand a rapid time to market for products and services, even for increasingly complex technologies. An important part of the supply chain,
procurement is bound to evolve from the tedious use of manual systems and spreadsheets to digital tools. Tis is a great
opportunity to answer the evolving needs of the market, especially for inventory management and the accuracy of forecasting for OEMs, which is why digitalisation of the procurement function will contribute significantly to supply chain resilience.
3
Increased use of online marketplaces. Competition and lack of supplies
have led buyers to turn to independent online marketplaces. Te online marketplace
OEMSecrets.com has seen increased usage of its platform over the past couple of years, especially the bill of materials tool used for searches of parts. Tis offers customers transparency on inventory and price insights. Parts and component data must
be continuously updated and always available to ensure that buyers and management act on current information. Real-time sources using API feeds to complete their own dataset, provide stronger insights and optimised purchasing decisions. Te majority of the manual spreadsheet
activity we still see has the potential to be automated.
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