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Digi-Key Electronics Adds Over 500 New Suppliers Including Electrovege

THIEF RIVER FALLS, Minn., Dec. 16, 2021 /PRNewswire/ — Digi-Key Electronics, which offers the world’s largest selection of electronic components in stock for immediate shipment, announced that it significantly expanded its portfolio in 2021 by adding more than 500 new suppliers across their core business, Digi-Key Marketplace and Fulfilled by Digi-Key program. They also added more than 125,000 new SKUs to their core business unit in 2021.

Source: Digi-Key Electronics Adds Over 500 New Suppliers and 125,000 SKUs in 2021

Why are the World’s Supply Chains so Disrupted?

 

The global pandemic has hit the world’s supply chains from many different angles. On the supply side, border closings and lockdowns kept production sites shuttered. On the demand side, consumers who couldn’t take vacations or dine out subsequently increased their spending on durable goods. This created a perfect storm of challenges for businesses as they tried to satisfy the demand.

Source: Why are the World’s Supply Chains so Disrupted? | Source Today

2022 Distribution Outlook 

The global pandemic has been disruptive. The global supply chain crunch has been disruptive. The global semiconductor shortage has been disruptive. The global search for a workforce to help manage the disruption has been disruptive.

Source: 2022 Distribution Outlook | Source Today

The U.S. Economic Outlook and the Future of the Roaring 2020s

These are dynamic times for the U.S. economy and our industry as we continue into the 2020s – or what I’ve been calling “the Roaring 2020s.”Despite a challenging start to the decade, 2021 has shown some very strong year-on-year growth in key economic indicators, and though there may be a slower growth rate in the years ahead, we have definitely seen a recovery out of a pretty steep decline from last year.

Source: The U.S. Economic Outlook and the Future of the Roaring 2020s | TTI, Inc.

German Distribution Market Climbs 25% In Q3 

The German component distribution market grew 25.2 % to 887 million Euros in the third quarter of this year. Although the summer quarter did not bring new sales records, it clearly ended with record orders says FBDi, the German components distribrition association.

Source: German Distribution Market Climbs 25% In Q3 – Disti Blog

Counterfeit Risk Rises When Supplies Run Short

The risk of procuring counterfeit electronics rises considerably during periods of component shortages. With semiconductor supplies remaining tight through the end of 2022, the industry faces a prolonged interval of increased risk. Industry sources have used the word “desperate” to describe the current shortage situation. When a high-priced product such as an automobile can’t be manufactured for lack of a single part, procurement may circumvent approved vendor lists (AVL) for alternative sources of supply.

Source: Counterfeit Risk Rises When Supplies Run Short

Business booms for high-service distributors 

An increase in design engineering activity and tight supply of chips and other components is resulting in skyrocketing sales for high-service distributors.High-service electronics distributors have weathered the coronavirus pandemic with some reporting a 50 per cent increase in sales during the first five months of 2021.Most high-service distributors focus on design and sell small quantities of parts to engineers designing new products. Design activity has increased significantly in the first half of 2021. However, high-service distributors also report they are seeing strong sales from buyers at OEMs and electronics manufacturing services (EMS) providers who are looking for shortage components or parts needed for small production runs.

Source: Business booms for high-service distributors | Distribution Market Watch, Editors, James Carbone, Latest Articles News

Riding the Storm Out: European Distribution Outlook

With supply chain disruptions, a chip shortage and geopolitical events like Brexit all creating a perfect storm of challenges, industrial and electronics distributors in Europe have a lot on their plates in 2021.

Source: Riding the Storm Out: European Distribution Outlook | Source Today

Riding the Storm Out: European Distribution Outlook 

Last year was tough for distributors around the globe, with very few (if any) being spared the impacts of a global pandemic, mandatory shutdowns and the loss of life across all continents. In Europe, industrial and electronics distributors faced these challenges head-on, with the subsequent supply chain interruptions compounding those issues through most of 2020.

Source: Riding the Storm Out: European Distribution Outlook | Source Today

Spirit Electronics Awarded HUBZone Certification 

Spirit Electronics, a Veteran-Owned, Woman-Owned Small Business (VOWOSB, SDB) that provides electronic component distribution and value-added services to the Aerospace and Defense industry is pleased to announce its certification as a HUBZone business by the United States Small Business Administration (SBA).

Source: Spirit Electronics Awarded HUBZone Certification | Spirit Electronics