📊Executive Summary

The article discusses the growing challenge of component obsolescence in the electronics components industry, highlighting its impact on various sectors, including consumer electronics and aerospace. It notes that obsolescence is increasing due to rapid technological advancements and changing consumer demand, leading to higher costs and extended lead times as companies seek alternatives. The article emphasizes the importance for OEMs and EMS providers to proactively strategize for obsolescence, especially with the trend of instant obsolescence, where components become unavailable without prior notice. This situation necessitates careful planning and awareness of market dynamics to mitigate risks associated with sourcing and production....