Component Market & Product Sales Assessment Surges to Dramatic High
ECIA’s Electronic Component Sales Trend (ECST) March 2021 Survey
Dale Ford, Chief Analyst
Industry sentiment for the electronics component market sales rocketed upward in March as quantified by the ECIA’s Electronic Component Sales Trend (ECST) monthly survey. The survey which assesses month-to-month sales growth sentiment leapt up between 26 and 27 points in component and end-market measures from February to March. As shown in the accompanying figure the overall component average soared to 158 points in March compared to 132 points in February. This market performance far outpaces the expectations looking toward March from February and continues a strong surge in the index that started in January. While expectations for month-to-month sales growth from March to April are not as strong as the March actual measurement it should be remembered that any score above 100 indicates growth expectations. In this light, the overall index average looking toward April is extremely strong.
Member of the Week:
Join us in congratulating TTI, Inc. as the Member of the Week.
Headquartered in Fort Worth, Texas, TTI, Inc. is celebrating its 50th anniversary in 2021 as the world's leading authorized distributor specialist offering passive, connector, electromechanical and discrete components. TTI's extensive product line and supply chain solutions have made the company the distributor of choice for industrial, military, aerospace and consumer electronic manufacturers worldwide.
“Supporting the good works of the ECIA within, and on behalf of, our industry is important to the leadership at TTI," said Don Akery, President, TTI Americas. "We feel it’s incumbent upon us to pay forward our success by securing the future for the those who follow us into this great line of work.”
TTI has a long history of association involvement – the company has been an active member since 1981! Through the years, it has been well represented on the Board, Councils and many Committees. CEO Mike Morton currently serves as the Distributor Council Chair and member of the Board of Directors. Michael Knight, President TSG/SVP Corp. Business Development served many years on the Board and was awarded the ECIA North Star Award for his remarkable service. TTI Inc. team members have contributed to ECIA in countless ways on a wide variety of Committees ranging from Global Industry Practices Committee to Marketing. Melanie Pizzey, VP, Global Business Operations recently chaired the 2019 Executive Conference.
The support from an industry leader like TTI has been invaluable to ECIA as we continue to develop solutions to move the industry forward. We are so grateful for your leadership.
Congratulations to everyone at TTI on this anniversary year!
From Our Service Partners
Budde Marketing Systems has been managing POS data programs and providing channel data analysis since 1996. Working with ECIA and many ECIA members over the years, we are recognized as the industry leaders in channel data analysis and management. The highest priority is placed on data cleansing and preparation while reporting on all types of data flowing through the sales channel; POS, Inventory, Ship & Debit, Leads, Market and Industry information, etc. Industries served include the electronic, electrical, industrial automation and high-tech markets.
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Industry Dashboard
ECST Survey
The Electronic Component Sales Trends (ECST) tracks viewpoints on the sales of electronic components and the impact on end markets by surveying ECIA members, their peers and colleagues. The surveys sample individual opinions of knowledgeable professionals in the electronics industry on current monthly/quarterly performance and a look ahead to future expectations. Please take a moment to share your opinion and complete these surveys; each participant receives the survey results report.
- 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.)
*The latest ECST summary report is available to members.
Automated Data Exchange Initiative
Webinar recording now available - Click here.
The recording of the recent webinar is now available. The Automated Data Exchange Initiative resulted in the development of a new digital solution to help eliminate the inefficiencies of B2B communications among electronic component manufacturers, distributors and independent manufacturers reps through CRM systems. Spearheaded by the Independent Manufacturer Rep Council, a pilot effort to establish a bidirectional communication protocol was started to map and transport data between disparate CRM’s. The system has been successfully demonstrated between several CRM systems and is ready for broader adoption. Click the link below to learn more, see a demonstration video and download the technology whitepaper.
Q1 Update
The Global Industry Practices Committee recently held the Q1 update hosted by Don Elario, Pete Shopp and Russ Dzielak. The Committee reported on continuing initiatives, as well as new ones launching in 2021. Click here to review the webinar recording and the presentation files.
For more information on GIPC activities, please contact Don Elario.
2021 ECIA Executive Conference - Save the Dates! October 24-26 | Loews Chicago O'Hare
More than ever, we look forward to reuniting at the industry's premier executive event!
Many presentations offered at the conference hold up in relevance year after year. Enjoy a look back at the videos from the 2019 Executive Conference.
Newsletter
April 14, 2021
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