I am a proponent of dual sourcing. Some people believe in outsourcing or insourcing, offshoring or onshoring. I believe in all of the above. The vulnerabilities with sole sourcing are very real. And you need look no further than the pandemic and semiconductor fabrication.
The global pandemic resulted in unexpected shortages of goods and disruptions in delivery which continue to this day. And in the extreme many businesses failed, investments were lost, or suffered irreparable harm as a result.
A major reason for the extensive damage caused by the breakdown of Supply Chains during the pandemic was because of broad based single points of failure. This is why we need to address this problem as it pertains to semiconductor fabrication.Continue reading “The Single Point of Failure in Supply Chain – Semiconductor Fabrication!”