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How much have supply chain issues affected companies revenues, and what can engineering do about it?

Estimated Watching Time: 4 minutes
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The video discusses the significant impact of supply chain issues on companies' revenues and the role of engineering in addressing these challenges. It highlights findings from a research study conducted by LifeCycle Insights, revealing the extent of the impact on revenue due to electronic component sourcing issues.

The study shows that a large proportion of companies experienced moderate to small impacts on revenue, with various associated consequences such as missed investor guidance, product delivery delays, regulatory fines, increased costs, compromised product functionality, and the need for spot buys of electronic components. The video emphasizes the importance of engineering in making informed design decisions that consider component characteristics, sustainability, availability, cost, and regional factors. It stresses the need for a design strategy that promotes resilient supply chain execution and the utilization of tools that aid in selecting components to mitigate the impact of supply chain issues on revenue and overall business performance.

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