article thumbnail

Samsung Electronics 2023 Financials-Weakest Profitability in a Decade

Supply Chain Matters

Key industry supply chain bellwether firm Samsung Electronics reported Q4 and full year 2023 financial performance, headlined as being the weakest profitability levels in a decade. For the quarter that ended in December 2023, the supplier posted KRW 67.78 trillion in consolidated revenue, representing a year-over decline of 3.8

article thumbnail

How electronics manufacturers can use ERP to address industry challenges

SYSPRO Smarter ERP

The electronics industry has experienced dramatic changes on the customer and supplier side in the last 18 months – from sudden purchasing changes by customers to shortages of parts and components from suppliers. The product lifecycle of electronic products has been getting shorter as consumer preferences change. Product development.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Challenges ERP Helps Electronics Manufacturers Overcome

OptiProERP

The electronics industry changes at a fast pace with constant innovations. Electronics are used in consumers’ everyday lives, both at work and at home. Electronics manufacturers have many revenue opportunities, but also many challenges to overcome to be competitive. Changes in Consumer Demand. Short Product Life Cycles.

article thumbnail

From Requirements to Launch: Arena’s Expanded QMS Capabilities Help Speed Innovation

Arena Solutions

Companies in other industries like high-tech electronics, aerospace and defense, and clean tech have their own unique set of quality, environmental, and/or security regulations which also significantly impact their product development schedules. And a survey by the 280 Group revealed that teams within 49.2%

article thumbnail

Transversing the Paradox River

Supply Chain Shaman

Leaders in building supply chain capabilities on graph technologies are failing to drive break through process innovation. With the low investment in network technologies and the slowing of innovation, the primary networks are being desecrated by private equity firms. Innovation is slowing. Innovation.

article thumbnail

Why Jumpman Gaming is the Leading Innovator in iGaming!

Supply Chain Game Changer

Jumpman Gaming is the most innovative company in iGaming because of the following undisputable reasons. The top innovator in online gaming runs 2 networks; Wheel of Slots Network and 15 Network which supply UK-based players with more than 30 bingo platforms. The post Why Jumpman Gaming is the Leading Innovator in iGaming!

article thumbnail

[INFOGRAPHIC] Manufacturing Innovation Hubs Revitalize American Manufacturing

GlobalTranz

We have an employment skills gap , an uncoordinated approach to nurturing innovation, and an export imbalance. government is following suit by establishing a network of manufacturing innovation hubs throughout the country. National Network for Manufacturing Innovation, The Infrastructure of Manufacturing Innovation Hubs.