Hi-Tech Industry Looks to Supply Chain to Renew Profitability in 2010 -- New Report Reveals 2010 Strategies

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A new eyefortransport report shows supply chain executives at hi-tech companies will face increased pressure to reduce costs as hi-tech manufacturers look to supply chain initiatives to boost profitability during the economic revival. The report shows that the top 5 concerns facing hi-tech supply chain executives are reduced freight capacity, supplier risk management, outsourcing and working in new markets, new product launches and visibility.

Supply chain executives at hi-tech companies will face increased pressure to reduce costs as hi-tech manufacturers look to supply chain initiatives to boost profitability during the economic revival.

The eyefortransport 2010 Hi-Tech & Electronics Supply Chain Report presents the survey responses of over 100 hi-tech supply chain executives, providing insight into their current key issues and strategy plans for 2010.

The report shows that the top 5 concerns facing hi-tech supply chain executives are reduced freight capacity, supplier risk management, outsourcing and working in new markets, new product launches and visibility. Despite taking a slight back seat during the recession, sustainability is also coming back to the forefront of executives’ concerns in 2010.

Interesting statistics include 55% of hi-tech shippers expect that they will be able to maintain the reduced freight rates they negotiated during the recession, however, only 14% of transport solution providers expect that they will be able to continue offering these reduced rates.

With air freight rates rising, 44% of executives have reduced their use of air freight in 2010, and around 30% have increased their use of ocean and road transport.

Overall, hi-tech supply chain executives are optimistic about 2010, with 37% of executives saying that they thought the hi-tech industry had performed better than other industries in the recession.

The key issues of the report will be discussed at the 4th Hi-Tech & Electronics Supply Chain Summit taking place May 26-27 in Amsterdam. The event brings together a community of 150 senior supply chain executives from hi-tech and electronics manufacturers and retailers. This year, presentations and participants are confirmed from Oce Technologies, Fujitsu Microelectronics, Intel International, Philips Electronics, Schneider Electric, Sharp Electronics, Asda, Conergy, Epson, Microsoft, AirTies Wireless Networks, Canon Europe, Tyco Electronics, Walt Disney Studios Home Entertainment, Cisco, ASML, Tandberg, Alcatel-Lucent, Carestream Health, TomTom, Lexmark, LG Electronics, 3M Europe, Infineon Technologies and others.

Supply chain executives from top hi-tech companies can qualify for complimentary passes to attend by applying online: http://events.eft.com/hitech/register.shtml

To download a complimentary copy of the report, please visit: http://events.eyefortransport.com/hitech/download-report.shtml

For Sponsorship and thought leadership opportunities at the event, please visit: http://events.eyefortransport.com/hitech/sponsor-and-exhibit.shtml.

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Emma Miller
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