The electronic components industry has been in a state of consolidation, with larger manufacturers buying smaller manufacturers, suppliers buying suppliers, and distributors buying distributors. The consolidation had helped distributors broaden their service offerings to keep up with the demands of the status quo economy.
NewPower Worldwide, the leading independent distributor of electronic components and finished goods, was recognized as #3 on Electronics Sourcing’s North American Top 50 Independent Distributors list and #14 on SourceToday’s Global Top 50 Electronics Distributors report.
Throughout the Covid-19 pandemic many businesses have undergone a digital transformation to thrive—or in some cases, just survive. This has significantly increased demand on the semiconductor ecosystem, fueling forecasts for continued growth in 2022.
NewPower Worldwide, the fastest-growing global independent distributor of electronic components and finished goods, was recognized in Source Today’s Top 50 Electronics Distributors report for the sixth year in a row. NewPower moved up to #13 in this highly competitive and rigorous annual report recognizing the world’s top distributors for electronic components.