In line with Wendell Weeks, chief government of tech firm Corning, the EU is missing a provide chain to ship fiber optic cable wanted for 5G networks.
Weeks mentioned the EU doesn’t “actually have a strong provide chain,” in keeping with Monetary Occasions (FT).
Corning not too long ago opened one of many largest optical fiber crops on the earth in Poland, which is able to attempt to meet round 30% of the demand in Europe for the subsequent yr. Optical fiber is manufactured from very skinny glass and is distributed to cable producers, who use it for telecoms networks.
“The worldwide provide chain shouldn’t be what we thought it was, and producers like us have to tackle the accountability of manufacturing nearer to our clients,” Weeks mentioned, per FT.
Proper now, European cable producers import over half their fiber from Asia and North America. Demand for the fabric has surged within the final three years because of 5G infrastructure money owed. 5G wants round 100 instances extra fiber than the present networks.
Tech firms like Amazon, Google and Microsoft have spent billions on increasing their information heart estates, which has included laying large worldwide fiber networks beneath the ocean.
PYMNTS wrote not too long ago that 5G has been making waves because of its velocity. Chris Melus, vice chairman of product improvement and superior wi-fi options at T-Cell for Enterprise, mentioned it has large implications for retail and tech.
Learn extra: T-Cell Says 5G and Embedded Funds Set to Unlock New Linked Retail Experiences
Melus mentioned 5G might add extra velocity and safety and make prolonged actuality apps doable. He mentioned 5G would be capable to assist clients get help extra simply as nicely, together with once they can’t discover somebody within the retailer.
“Wouldn’t or not it’s nice should you might nearly speak to a different affiliate at one other location who possibly isn’t as busy?” he mentioned. “You may deliver that have and have folks come all the best way throughout the nation and be there and assist a buyer with out having them have to attend to allow them to rapidly exit.”
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NEW PYMNTS SURVEY FINDS 3 IN 4 CONSUMERS WITH STRONG DEMAND FOR SUPER APPSAbout: The findings in PYMNTS’ new research, “The Tremendous App Shift: How Customers Need To Save, Store And Spend In The Linked Economic system,” a collaboration with PayPal, analyzed the responses from 9,904 shoppers in Australia, Germany, the U.Ok. and the U.S. and confirmed robust demand for a single multifunctional tremendous apps fairly than utilizing dozens of people ones.
https://www.pymnts.com/supply-chain/2022/6-real-life-ways-embedded-payments-are-streamlining-logistics/partial/
