Component Sense Blog

The end of the financial year, or fiscal year as some call it, can be stressful for electronic manufacturers.

A study by MIT Sloan and BCG found that although 90% of executives find sustainability important, only 60% of companies incorporate it into their business strategy. This stark statistic highlights how difficult it is to motivate business leaders to make changes for the benefit of the environment. 

Many electronic manufacturers put excess and obsolete (E&O) component stock in the ‘too-hard’ basket. These companies are missing out on an extra revenue stream. Plus, failure to act means they are contributing to global electronic waste (e-waste) pollution. 

The e-waste produced worldwide each year is worth over $62.5 billion. A tonne of e-waste contains 100 times more gold than a tonne of gold ore. Gold is just one of many precious metals used in microchips. 

There is money to be made with excess inventory, so where are companies going wrong? 

Forget joining a gym or starting a new hobby; for many electronic manufacturers, one of the best New Year’s resolutions they can commit to is assessing their excess and obsolete (E&O) component stock. The new year presents the opportunity for a fresh start to make your business more efficient, profitable, and sustainable.