We recently had a project where the contract manufacturer nearly went bankruptcy due to sharp decline of the phone business.
Electronic components suppliers have been giving us warnings that many of their customers who are contract manufacturers in the phone industries are having solvency issues. Payments are delayed. Banks are withdrawing their credit lines.
Extra care must be taken when you select your contract manufacturer for your next project.
At Sourcing Spectrum we are well connected with banking industries, legal service firms and upstream manufacturers. We know issues at manufacturers ahead of time.Share