Impact of COVID-19 and outlook for electronics and high-tech industry Electronics and High-Tech Industry Solutions have created a greater demand. Demand for industrial electronics has been on the rise for years with manufacturing, healthcare, and automotive industries looking to technology to transform efficiency, productivity, and competition.
With the onset of COVID-19, electronic high-tech companies felt the pinch with disrupted supply chains, causing shortages of key components—and limited visibility exacerbated the problem.
As we turn the corner and move towards the new normal, electronic high-tech companies will look to invest to create real-time visibility into the supply chain, in order to drive agility and flexibility in the future and adopt digital thread and digital twin to capture design data, maintain version control, and simulate all components and systems.
Our aim is to deliver rapid innovation in products, build resilient supply chains with global visibility, and excel at customer service to drive maximized revenue, reduced operational costs, and increased efficiency.
COVID-19 is accelerating digital transformation as the high-tech industry rapidly looks to address its biggest challenges across the value chain to maximize revenue, reduce costs, and increase efficiency.
But as digital transformation continues to accelerate, many companies find themselves with initiatives that stall or fail to prove value. PTC’s unique approach to digital transformation helps companies avoid pilot purgatory by identifying the most impactful problems, applying proven solutions, and then scaling results across the enterprise. The result is double-digit financial impact.
