Demand for electronic components reached a 37 year high last month, according to data collected by the ECIA, which “reflects the incredible market strength” as it is propelled by multiple powerful forces.
The ECIA’s Electronic Component Sales Trend (ECST) monthly 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.
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, according to the association.
To avoid electronics supply-chain disruptions during periods of high demand, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
Either through the hundreds of manufacturers we purchase directly from, or the international network of component supply-partners offering full product traceability, Astute Safe-Supply, run by sourcing experts and offers a deeper insight into the global components markets.
With real-time access to the latest listings and prices cultivated through several decades of close supplier partnerships, we are able to spot price disparities and leverage product price variances to deliver cost-effective solutions to customers, whilst ensuring a quality, risk-free supply.
For more help with looking at supply chain options, contact Astute Electronics here
