{"id":18875,"date":"2021-10-27T12:30:58","date_gmt":"2021-10-27T16:30:58","guid":{"rendered":"https:\/\/a2globalelectronics.com\/?p=18875"},"modified":"2021-10-27T12:59:56","modified_gmt":"2021-10-27T16:59:56","slug":"the-end-of-an-era-what-seismic-shifts-in-global-politics-mean-for-your-shortage-planning","status":"publish","type":"post","link":"https:\/\/a2globalelectronics.com\/ja\/shortage-mitigation\/the-end-of-an-era-what-seismic-shifts-in-global-politics-mean-for-your-shortage-planning\/","title":{"rendered":"The End of an Era? What Seismic Shifts in Global Politics Mean for Your Shortage Planning"},"content":{"rendered":"

You can buffer against destabilizing global politics with three strategies to develop insight and build agility into your long-term shortage planning.<\/h3>\n\n\n\n

You\u2019ve likely spent 2020, and now also 2021, exploring ways to strengthen your supply chain and perhaps even pivoting in response to shortages. Now, well into the 4th quarter of 2021, supply chain challenges continue to dominate the conversation. This prompts the question: Going forward, what will your shortage planning look like? A2 Global has you covered.<\/a><\/p>\n\n\n\n

Weather, disasters, and other unanticipated challenges<\/a> have showcased the fragility of global supply chains. On top of all of this, the impact of global politics continues to loom large. The global trade landscape is changing rapidly, with governments worldwide imposing over 2,000 policy interventions affecting international commerce in 2020. McKinsey<\/a> reports that activity reflects a 74% increase over 2019, and registers 147% higher than the average for the period from 2015 to 2017.<\/p>\n\n\n\n

With that massive volatility, now is the time to consider: What are you doing to shore up your spot in the global supply chain? We suggest exploring these three shortage planning strategies to buffer against the ongoing changes in global trade politics.<\/p>\n\n\n\n

3 shortage planning strategies to counter impact of global trade politics<\/h2>\n\n\n\n

1. Developing inventory insight<\/h3>\n\n\n\n

Supply chain resilience starts in-house. When you gain a true depth of insight into your inventory, you can unlock its potential. Every one of your components has a measurable lifecycle. With the appropriate forecasting models, you can track when a part reaches a status that requires action.<\/p>\n\n\n\n

Staying on top of your supply chain needs is exponentially more complex when you don\u2019t have a strong handle on your inventory. And keep in mind that inventory insight is not limited to sourcing \u2014 it includes the ability to vent excess in a timely and productive manner.<\/p>\n\n\n\n

2. Outsourcing global partnerships to enhance shortage planning<\/h3>\n\n\n\n

Global sourcing experts can offer resources to ease supply chain troubles at a time of global uncertainty. To find a strong partnership, look for broad visibility and on-site presence worldwide. By engaging a partner with warehouses on multiple continents, you can significantly expand your reach and enhance your shortage planning.<\/p>\n\n\n\n

With a partner to expand your reach when sourcing components, you can relieve the pressures and risks of working with overburdened suppliers. Having on-location teams means that when unexpected events unfold on a global scale, you\u2019ve got options. With today\u2019s highly specialized supply chains, the broader you can expand your reach, the more success you will find in sourcing during shortage challenges. <\/p>\n\n\n\n

3. Building agility for future challenges<\/h3>\n\n\n\n

Strategic partnerships offer more than just expanded global sourcing of electronic components. The right partner can also offer risk assessment and mitigation to round out your shortage planning. With market forecasting, you can get ahead of potential problems by identifying and quantifying your unique vulnerabilities.<\/p>\n\n\n\n

Instead of trying to extrapolate a broad-strokes report, tailored forecasting shaped with historic and up-to-the-minute data creates a detailed picture of your risk factors. There are many different types of forecasting that, when paired with the right data for your needs, can offer insight into how you can build agility into your supply chain logistics.<\/p>\n\n\n\n

To summarize: <\/strong>Strengthening your shortage planning will provide a buffer against shifting global politics. Look to develop inventory insight, outsource your global partnerships, and build agility.<\/p>\n\n\n\n

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