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When your supply chain is in a state of equilibrium, you may ask yourself, “Why are resiliency and agility important?” The answer lies in the fact that we live in an ever-changing world with uncontrollable disruptions continuously pushing and pulling on supply chains. That’s why global electronics companies now realize and are prioritizing the value of establishing a resilient and agile supply chain to protect revenue and gain a competitive edge.
To strengthen continuity across the entire value chain and support semiconductor industry growth, SEMI launched the Supply Chain Management Initiative in early 2023 and has established an Industry Advisory Council that includes industry leaders and strategic partners such as Genpact and Resilinc. This global collaboration aims to help SEMI member companies develop an exclusive set of supply chain management standards and strategies and to educate semiconductor organizations on how to incorporate supply chain resiliency and agility best practices into their supply chain risk management (SCRM) plans.
