The CEO of Tech company IEE - International Electronics & Engineering, Paul Schockmel, is the guest of podcast host Malik Zeniti. IEE is a provider of smart sensors for the automotive industry and is located in Echternach and Bissen.

Paul Schockmel has an engineer and business background and gives an overview of the Logistics situation at IEE following the Chinese lockdowns and expectations of automotive companies.

The automotive companies are heavily impacted by the COVID-19 crisis, the war in Ukraine and inflation rates. The fluctuating demand and supply problems are going on and the sector might be in crisis for a long time.

IEE has been very strongly impacted by geopolitical impacts as IEE is sourcing 850 critical components. 12 million cars out of a global production of 90 million cars could not be produced because of semiconductor shortage.

The company has to adapt to global supply chains. The decision where to produce is starting very early with the customers. Already in the quotation process, the locations of production is discussed. Distances have to be short to keep prices low and being in the same time zone is also helpful.

It is also important to protect the IP of IEE, which is one of the largest patent filer in Luxembourg. In the process, the company files patents very early in order to make sure that the company is the first.

To solve the initial problems, the company and its partners have worked on programs to be more flexible in their operations. New suppliers and designs led to multiple sourcing strategies and a task force at IEE is dedicated to solve bottlenecks.

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