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With component production finite and insufficient to meet market demand, NewPower encourages buyers to plan for the ‘new normal’ and craft custom inventory management methods.
Challenges remain and the pace of growth may ease, but the 2023 Distributors Outlook is decidedly bullish.
Did you know semiconductors are the world’s fourth most-traded product, trailing only crude oil, motor vehicle parts and refined oil. As semiconductor demand soars and the most significant shortage of our lifetime unfolds, the biggest question in boardrooms worldwide is when will this end?
The circumstances of an economic collapse have been building as the economy’s outlook remains uncertain. In 2020 overall demand plummet as the Covid-19 pandemic kept everyone in hibernation. Many businesses had mass-layoffs, and others were forced to close.
