Supply Chain Makes or Breaks Wearable Success
Especially in the wearables market, success is all about getting the right product to the market quickly, with the distance between idea and fruition going from the years of the past to only months now. In the wake of this new reality, the electronics supply chain moves front and center in being a strategic supporter of these initiatives.
“There’s been a big shift,” said Bashar Nejdawi, executive vise president and president, North America Mobility for Ingram Micro. “Now, it’s all about building in real time and leveraging live forecasts coming to the point of sale systems and advanced planning systems.”
The market for wearable products is large and growing. This year, OEMs are predicted to ship a total of 45.7 million wearable devices, up 133.4% from the 19.6 million units shipped in 2014, according to the most recent forecast data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. By 2019, IDC estimates that total shipment volumes willreach 126.1 million units, resulting in a five-year compound annual growth rate (CAGR) of 45.1%.