John F. Kennedy once said, “There is nothing more certain and unchanging than uncertainty and change.” He could have been referring to current circumstances in the semiconductor supply chain. In recent years the semiconductor industry has been turned on its head by pandemic-induced change, yet still it is braced against the impact of challenges to come.
Whilst the global COVID-19 pandemic may have set events in motion, political factors across the globe continue to bring change at pace. In the United States, localization of semiconductor production and heavy promotion of the return of its semiconductor industry has dramatically changed dynamics. The war between Russia and Ukraine has led to price instability.
Furthermore, the focus on climate change will dramatically change the industry. Semiconductor manufacture puts high demand on water and the threat of consequential drought will undoubtedly lead to instability in the supply chain.
The challenges faced are severe. Worse still, they have no end date, nor is there any way to know what new challenges lurk on the horizon. Change and uncertainty—whether upstream (supply) uncertainty, internal (process) uncertainty or downstream (demand) uncertainty—must therefore be accepted as the norm and the driving factor behind the need for supply chain flexibility.
Positioned centrally in the supply chain, Win Source occupies an integral position. The company has focussed for a several years on bonding flexibility and resilience to its processes.
Internally, the company continues to optimize its management strategy, focusing on the company's operational direction and management objectives. The intention is to drive the enterprise forward smoothly and consistently, with a commitment to avoid unnecessary internal friction that might result in tangible and intangible losses for the company so that, harnessing its own momentum, the company will drive itself forward.
Win Source will continue its course expanding sourcing channels, strictly controlling its quality requirements and, thus, building more resilient supply chain Externally, the company will adhere to its strategic approach of being global.
The industry will and must face the uncertain global economic situation and changes in the international competition pattern as the accepted norm. In the short term, the separation of manufacturing focus and technology will intensify. Win Source, however, will continue to closely follow the actual needs of its customers and make corresponding deployments. No matter how the focus of the electronics manufacturing industry shifts, Win Source will not change its original intention.
“Emerging from the pandemic years and its challenges, Win Source will focus its aim on further strengthening business continuity, making the supply chain flexible enough to adapt to geopolitical changes and thus enhance the global supply chain’s resilience.” said Arron Cheung,Win Source’s purchasing manager.
One consequence of The CHIPS and Science Act, President Biden's economic plan to invest in America, was the localization of many factories. Win Source is now focused on how to help customers improve the continuity of logistics. The company’s commitment is that no matter where the factory is, it will ensure customers receive the goods in the same timeframe. Win Source’s bid to improve logistics efficiency as well as quality has seen it develop a logistics system to provide warehousing solutions, introduce multi-warehouse delivery, and effectively deal with uncertainties to improve logistics efficiency and quality.
Win Source recognises that a high efficiency working state is essential during this period of uncertainty. A rigorous and serious attitude toward every detail of work must be maintained in every aspect of its business, whether analysis and monitoring of chips themselves of the global procurement process. Win Source plans to maintain its inclusive attitude to deal with the current instability of the global semiconductor industry.
Whilst other entities and enterprises maintain a conservative attitude towards the uncertainty of the industry, however, Win Source is willing to accept the challenge. The company intends to put all its efforts into further optimization and innovation to make progress with major players in the industry. Regardless of changes in the external environment Win Source will continue to stabilize the security of the global component supply chain.