2012 was indeed a challenging year for the wireless manufacturing industry. Apple led the way in the industry. Demand was driven by consumers that wanted more. While the industry continues to be bright in selected areas, the industry was not without its challenges.
In order to succeed in 2013 and beyond, the industry must get better at managing its business challenges. These challenges include the rapid change of technology, dependence on large corporate customers, their ability to negotiate exclusive contracts where possible and management of the supply chain.
But the firms that can take the flip side of “risk” and turn it into “opportunity” are those that can innovate new ways to evolve their network infrastructure and better serve the customer that needs a variety of connectivity solutions. They also must get in front of the risks associated with deregulation and intellectual property protection and grab the reins of opportunity in cloud computing.
TechAssure members know that a successful insurance and risk management program addresses general business risks, as well as risks associated with your industry and risks specific to your company.
Give a TechAssure member a call to find out more about our insurance products and risk management solutions.