NewPower Worldwide, the leading independent distributor of electronic components and finished goods, was recognized as #2 on Electronics Sourcing’s North American Top 10 Independent Distributors list.
NewPower Worldwide discusses trends for 2023 including decentralized supply chains, increased supplier collaboration, digital technologies and contingency plans.
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.