The markets for electrical transmission equipment face a number of on-going challenges such as the requirement for more dynamic smart grids for 21st century cities and changes to the energy generation mix with national electrical grids coping with increasing levels generation from renewable energy sources.
Equipment manufacturers must continue to adapt and develop solutions to these challenges. Supply chains will play an important part in this process. Manufacturers that can develop the right products based on effective and robust supply chains will be at the forefront of these market developments. One option is to use component suppliers which can help equipment manufacturers increase levels of profitability whilst at the same time reducing lead times on new product development and introduction as well as freeing up cashflow away from inventories which can be used for other areas such as research and development.