By the end of 2022, a revolutionary technical marvel seemed unleashed on society. However, the story of artificial intelligence (AI) dates back to 1952, when computer scientist Arthur Samuel created software to play checkers. Today, AI is reshaping industries across the globe, including businesses' approach to sustainability.
Component Sense Blog
When the average consumer picks up their smartphone and scrolls social media, they do not consider what goes into their device. Why would they? If they did, perhaps more of a spotlight would be put on controversies surrounding electronic waste (e-waste) and the rare earth elements used for the components of their devices.
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.
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