North America Electronic Component Sales Sentiment Sustains Positive Growth Outlook
Dale Ford, Chief Analyst
The results of the May 2022 Electronic Component Sales Trend Survey (ECST) continue to show positive growth expectations despite strong economic headwinds. The overall average sales sentiment for May registered at 117.6, six points about the outlook projected last month. Over the past nine months, starting in September 2021, overall average sales sentiment has tracked within a nine-point range of 111 to 120 except for February when it surged up to nearly 130. All major component categories have achieved solid, positive sales sentiment during this time with Semiconductors demonstrating the highest overall sentiment of 123.1 during this period and Passives coming in with the lowest average of 112.5 – less that ten points separating the highest and lowest. The medium-term outlook measured by the Quarterly ECST paints a solidly positive picture through Q3 of this year. Over half of respondents report expectations of growth in Q2 and Q3 with roughly 25% expecting growth above 3%.
Participate in the ECST Survey now:
- Monthly (Note – The monthly survey is open the first three weeks of the month.)
- Quarterly (Note – The quarterly survey is open February, May, August and November.)
Member of the Week:
We are pleased to announce Electro Sonic – A Master Electronics Company as ECIA’s Member of the Week! Electro Sonic is Canada's leading full-service electronic and electrical component distributor and has been building partnerships with Canadian businesses for 70 years. They specialize in developing customized programs and services to suit our OEM and MRO customers' needs. Electro Sonic’s commitment is to stock a complete range of components from the more than 400 world-class manufacturers we represent.
Electro Sonic Group has been an ECIA Member for 45 years! ECIA is so thankful for the many years of membership.
From Our Service Partners
Budde Marketing Systems has been managing POS data programs and providing channel data analysis since 1996. Learn more here.
Weekly Member Newsletter
June 22 - New Members; Podcast Episode with NAM Chief Economist Chad Moutray; Stats and Research; GIPC News; and Member of the Week, Electro Sonic
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Industry Dashboard
Distributors Shine Through Daunting Supply Chain of 2021
Dale Ford, Chief Analyst
In the midst of a multi-year, global crisis with impacts from multiple sources on the electronic components supply chain, top distributors have stepped up as vital partners of component manufacturers and customers in managing multiple challenges that have no precedent. The cataclysmic events of the past 2+ years have reshaped the world and the electronics industry so profoundly that industry leaders do not see a future return to previous, typical patterns and business practices.
In assessing the events that have roiled the electronics industry it is amazing that the industry has not only survived but thrived in many ways. Following two years of declining revenues, the Top 50 Authorized Americas Distributors achieved revenue growth of 21.9 % in Americas sales. Even more impressive, this group delivered 30.3% revenue growth on a worldwide basis as EMEA and Asia sales outpaced Americas sales growth.
Significant changes to the companies included in the Top 50 Americas Authorized Distributor rankings for 2021 are: The addition of seven companies headquartered in Asia/Pacific that have sales revenues in the Americas that qualify them for inclusion in the Americas Top 50; The exclusion of 10 companies that were included in the 2020 rankings but chose to not participate in the survey for 2021. Since it was not possible to develop reasonable, reliable estimates for revenues of these ten companies, they have been dropped from the 2021 rankings.
Celebrating 100 Years of the Authorized Channel
With a nod to the industry’s start on Radio Row, it is the perfect time to celebrate 100 years of the Authorized Channel and its impact on the tech industry and society.
ECIA assisted with an e-book that recognizes the visionaries and founders of our industry, the companies that made a difference, technology, operational advancements, and the Association - which has helped spur the growth and value of the channel.
GIPC News
The GIPC work group has released a whitepaper with areas for consideration in dealing with the current workplace disruption due to COVID complications. The work group focused on analyzing the impacts of the pandemic upon the electronic components industry.
Read the white paper, "Workplace Disruption - How it is Changing."
Design Registration
The ECIA’s Global Industry Practices Committee (GIPC) has reached a milestone in its Design Registration program initiative. One critical objective of the initiative is to substantially improve the efficiency of the cross-enterprise design registration process by developing a ‘Smart’ version that can leverage AI and other digital solutions.
Phase 2 began with a newly formed work group of Subject Matter Experts. Attributes of a desired-future state registration process were delineated based on the 2020 research, and by building consensus among the key stakeholders.. This consensus document was recently completed and accepted. The work group now begins the process of evaluating trending technology companies for compatibility to the Desired-Future State model.
Environmental Compliance
This GIPC subgroup met recently to discuss matters that impact the electronic component industry. Updates were provided on issues such as PIP 3.0; SCIP and Prop 65. ECIA works with a number of third-party companies that specialize in these areas and provide ECIA members a way to stay on top of these important issues. For more information about Environmental Compliance, see Issues & Practices (ecianow.org).
For more information on GIPC activities, please contact Don Elario.
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