Forecasting the Electronics Industry in 2017

As we head towards the year’s end, many companies will be shifting their attention to forecasting their requirements for the next twelve months and beyond. However, this process is not a simple one. The past year has been interesting, to say the least. In the electronics industry, we have seen how natural disasters and product recalls can severely impact the global supply chain, causing panic as the availability of key parts dwindled whilst costs soared. Elsewhere, shock elections and referendum results have caused the economic markets to wobble, driving costs up for some whilst reducing them for others. In short, 2016 has been a nightmare for anybody that has attempted to predict the future with a high degree of accuracy. That said, it’s important for procurement specialists and project managers to have an accurate idea of what will be needed for future production runs and – importantly – how both the manufacturing and consumer market is going to look. In this piece, we will hopefully help provide some insight into how 2017 will play out for the electronics industry, specifically in relation to key market and economic trends.

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