For years, the Just In Time (“JIT”) strategy was seen as the ideal model for electronic components. Then the world got complicated in ways no-one saw coming, with COVID lockdowns, international trade tensions between the US and China, and the Ukraine war. The lack of resilience in JIT became a major problem. Major motor manufacturers had to shut their production lines, due to lack of components. This led to a new strategy, Just In Case (“JIC”), to replace JIT .
Obsolete Components Blog: posts from June 2023
Most companies that purchase electronic components are find that shortages are becoming more and more common, just as more industry sectors become reliant on those components. Here’s why. (more…)