This year’s SEMICON West show was one of the largest yet, marked by the addition of eight new vertically-integrated forums to the show’s standard lineup. One of these new forums, the Extended Supply Chain Forum, focused on strategic issues that impact the entire supply chain, bringing system integrators, designers, engineers, and manufacturers together to share new ways to boost performance and cost-effectiveness. Attendees connected with suppliers of equipment, materials, and services used to manufacture next-generation products.
Throughout the three day event, Liquidity Services manned our exhibitor booth and also managed to break away to attend key discussions focused on the strategic and financial requirements of today’s businesses. We observed a few interesting trends in these discussions, specifically:
Trend One – Technology is advancing faster than ever before
The length of time any equipment can be considered “state of the art” is getting shorter and shorter, and cutting-edge manufacturers looking to stay at the head of their marketspace are cycling new equipment in, and old equipment out, at an ever-increasing pace. However, not all of these companies have a plan in place to deal with their outbound, end-of-lifecycle assets. By utilizing the comprehensive services of a trusted surplus asset management partner, these companies can sell this surplus for maximum recovery, generating capital to help them stay ahead of the competition.
Trend Two – Going green is good business
Conducting business in an environmentally-friendly manner is not only the right thing to do, but a savvy business investment; more and more consumers consciously choose green companies and their products over competitors. Organizations are committing to strategic, far-reaching sustainability initiatives because they pay dividends, as many leaders say sustainability programs make “positive contributions to their companies’ long- and short-term value” according to a recent McKinsey survey. A trusted surplus asset partner will work with your organization to extend the life of your surplus assets, contributing to a greener planet by maximizing assets’ lifespans, increasing reuse and recycling, and decreasing landfill waste.
To learn more about how Liquidity Services can maximize your total supply chain value through the procurement process or for more information on this year’s SEMICON West event, please contact us.
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