Given the fast-changing trends and feasibility of the electronics market, manufacturers need to be flexible and adaptable to keep up with constantly evolving demands. Producing high-quality products while also minimizing costs and integrating everything into a rapid delivery system puts huge pressure on those in the industry to meet customer demands. Logistics remain a challenge in 2018 for manufactures and supplier partners required to deliver speed and accuracy faster than ever before. Unsurprisingly, it was found that more than 80% of 300 companies interviewed in a study consider they are facing significantly more risks than 5 years ago in terms of theft, products delays or counterfeit items.
For the global electrical and electronics manufacturing market, with a production valuing €4.008 billion, it is estimated that yearly theft of products from the supply chain amounts to around €30 billion. The most targeted are household items such as appliances and tools, accounting for 17% of all cargo theft, followed by electronics, with no less than 13%. Still, suppliers have the responsibility to make sure that all the pieces are secured and arrive in time for parts assembly. In Europe, thefts from trucks are also on the rise with a reported 89% increase in theft incidents between 2014 & 2015.