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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.
NewPower Worldwide (“NewPower”)—the fastest-growing independent distributor of electronic components—generated buzz at electronica 2022, hosting singer, actor, and American television personality David Hasselhoff.
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.
