Component Sense Blog

Radical decarbonisation and system transformation. These will be the core focus at this year’s UN Climate Change Conference COP28 as the world hopes for a way forward to reach crucial goals set out in 2015’s Paris Agreement. COP28 (Conference of the Parties, 28th Session) is taking place in Dubai, United Arab Emirates (UAE), from the 30th of November until the 12th of December. The event brings together 70,000 government officials, scientists, activists, and other distinguished guests from 198 countries. 

Sit and think about this ancient Chinese proverb for a minute. There are probably many areas of your personal life where this saying holds weight. At Component Sense, we believe this profound Chinese proverb also has implications for our electronic manufacturing industry. 

Most electronic manufacturers are unaware they are sitting on roughly 10% of their revenue in excess and obsolete (E&O) component stock. This truth can be concerning to learn for many OEM companies. It is no surprise that more and more OEMs are enlisting Component Sense to redistribute their E&O inventory through our local consignment option. We do the heavy lifting with our cutting-edge consignment process to provide you with effortless cash flow.

The electronic manufacturing industry has experienced an economic bubble marked by high demand and low supply in recent years. However, this bubble has now popped, and our market continues to level. Yes, the COVID-19 pandemic has contributed significantly to market volatility, but there is another force pulling the strings of our global supply chain: environmental change.

Every day, it seems there is an influx of stories and articles bringing bad news about climate change and inequality. As the doom and gloom piles up, the challenge can almost feel insurmountable to the average person.