Brightfield Strategies appoints Jesse Levin as CEO to focus on supply chain disruption
The new CEO will work to...
Brightfield Strategies, the consultancy and data services firm, has appointed Jesse Levin as its new Chief Executive Officer.
The new CEO will work to accelerate the company’s Data-as-a-Service (DaaS) solution and Talent Data Exchange (TDX) operations.
TDX’s use in the talent supply chain is continuously growing, being used in market intelligence, spend analytics and technology to program managers in the industry.
“Changing labor demographics, evolving employment preferences, continued talent supply chain disruption and knowledge work automation are all driving growth of the agile workforce of temporary, consultancy, outsourced and gig economy workers,” stated Levin.
“Brightfield’s products and services bring efficiency to a market now representing $820B in spend and over 30% of workers in North America.”
“Brightfield is in a unique position to bring innovation, price transparency and analytical rigor to corporate decision makers professionalizing how they manage the costs, quality, risks of contingent labor and consulting spend.”
“The Brightfield team has earned a privileged position as the trusted steward to leading buyers, sellers and intermediaries in the modern talent supply chain, and serves as the data consortium and intelligence provider to help increase the speed and efficiency of the modern labor market,” added Jason Ezratty, Co-Founder and Chairman of Brightfield Strategies.
“Brightfield is now even better prepared to serve our clients with the addition of Jesse Levin to the management team. His past success and management experience will greatly add to our capability that will extend the recent revenue growth of our company,” says staffing industry luminary and Brightfield investor Gary Nelson.
Japan Seeks to Revive Stalled Semiconductor Industry
Post-pandemic, Japan has seen the consequences of relying solely on foreign imports for its semiconductors. Over 64.2% of its chips are usually imported from South Korea and Taiwan, leaving the country dependent on its neighbours. Industries from auto manufacturers to consumer electronics firms wait for chips, to no avail. But now, the Japanese government looks likely to put real funding behind its semiconductor industry, with top officials emphasising their support.
Domestic supply chains have never been more important. Rather than remain tied to international shipping routes during shortages and delays, governments are doing everything in their power to develop local lines of supply. But the question remains: can Japan pull it off?
How Will Japan Pay For It?
Herein lies our first issue. Japan’s debt has rapidly increased over the past few years, and the semiconductor industry will need roughly a trillion yen—US$9bn—in this fiscal year alone. This cost, however, pales in comparison to what Japan could lose if it fails to keep up with Europe and the US. Both nations have launched aggressive funding measures to revive their local semiconductor industries. And if Japan refuses to invest due to its debt, it could slow down progress in fields ranging from artificial intelligence to autonomous driving.
According to Tetsuro Higashi, the former president of Tokyo Electron and Japan’s top government advisor in semiconductor strategy, ‘If we miss this opportunity now, there may not be another one’. Yet one advanced wafer fabrication factory can cost more than US$10bn, and any money poured into the industry will go fast. That’s why Japan, rather than invest trillions and trillions in failing domestic firms, is considering a second option.
What Do They Plan To Do?
Japan now intends to look abroad and convince overseas chip foundries to come to its shores. Its past failures mostly centred on trying to merge domestic firms that were already going through tough times. ‘This sort of made-in-Japan self-reliance approach hasn’t worked out well’, said Kazumi Nishikawa, a director at the Ministry of Economy, Trade, and Industry’s IT division. ‘This time the goal is to offer a strong incentive for an overseas logic foundry to come to Japan’.
As follows, Japan will now reach out to industry partners and leaders in other countries, including the industry heavyweight Taiwan Semiconductor Manufacturing Co. (TSMC), to build Japanese bases. According to the South China Morning Post, the heart of Japan’s mission is a US$337.2mn research and development project in Tsukuba that will involve TSMC and more than 20 Japanese firms. ‘I think we need to cooperate with our overseas counterparts’, said Akira Amari, a senior member of the ruling Liberal Democratic Party. ‘[And] TSMC is the world’s top logic chipmaker’.
Indeed, if that’s Japan’s strategy, the future looks bright. TSMC recently set up a venture near Tokyo to research energy-efficient 3D chips with several Japanese partners. And in the future, the multinational chipmaker may consider expanding its Japanese operations—that is, if government incentives pave the path forward.