Standard of Excellence: Speed vs. Quality in Customer Service
Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
Bo Lybæk at EOT: Materials Shortage Situation - The Perfect Storm?
September 6, 2021 | GPVEstimated reading time: Less than a minute
Bo Lybæk, CEO at GPV addressed the current materials shortage situation at EOT - Electronics of Tomorrow. He named the crisis “the worst situation the last 20 years”.
”No doubt, the situation is extreme. In many ways this is “the perfect storm”. We see historically high demands, lead times, and prices, and everyone is struggling to cope with the situation. This has led to lots of frustration which we must handle and respond to. We saw similar situations in 2011-12 and 2018 and here we learned to #1: Avoid short-sighted actions, #2: Be ready when the bubble bursts, and #3: Remember that what you do during the crisis, will be remembered after the crisis - so integrity is key,” says Bo Lybæk.
Since the coronavirus pandemic started in spring 2020, GPV has kept a close, frequent, and transparent dialogue with customers to understand their needs and keep them updated on the production capacity, market updates, and the supply chain situation.
Furthermore, GPV has expanded capacity at several sites, set up a “secure sales” taskforce, intensified strategic procurement, and together with customers redesigning products with alternative, available components.
Share on:
Testimonial
"Your magazines are a great platform for people to exchange knowledge. Thank you for the work that you do."
Simon Khesin - Schmoll MaschinenSuggested Items
Electronics Manufacturing Powers U.S. Growth, Supporting 5.2 Million Jobs and $1.8 Trillion in Output
11/03/2025 | Global Electronics AssociationNew report from Global Electronics Association shows electronics industry contributes $853 billion to GDP and delivers average annual wages exceeding $156,000, reinforcing its role as a pillar of U.S. economic resilience.
Infinite Electronics, RS Group Expand Partnership to Deliver L-com Connectivity Solutions to European and APAC Markets
11/03/2025 | PRNewswireL-com, an Infinite Electronics brand and a supplier of wired and wireless connectivity products, has expanded their strategic cooperation agreement with RS Group, a U.K.-based global provider of products and services for industrial customers, to begin distributing L-com products across European and APAC markets via the RS Group website.
DuPont Completes Separation of Qnity Electronics
11/03/2025 | PRNewswireDuPont announced that it completed the separation of its electronics business into an independent public company, Qnity Electronics, Inc., on November 1, 2025.
TTM Technologies Receives Two Awards from the Global Electronics Association at the 2025 IPC CEMAC Conference
11/03/2025 | Globe NewswireTTM Technologies, Inc. announced that two of its team members received prestigious Asia Steering Committee Outstanding Service Awards from the Global Electronics Association (formerly named IPC connecting global electronics industry) at the 2025 IPC CEMAC Electronics Manufacturing Annual Conference in Shanghai.
Ethiopian Airlines Selects Cassiopée Alpha from Safran for Fleet-wide Flight Data Monitoring
11/03/2025 | SafranSafran Electronics & Defense is proud to announce that Ethiopian Airlines has selected Cassiopée Alpha, its advanced flight data analysis platform, to optimize and secure operations across the airline’s entire fleet of 147 aircraft, including Airbus A350, Boeing 787, and Boeing 737 MAX models.