Changing Markets: Component Sense’s Advice for Navigating the Coming Market Downturn
Over the last two years, the electronics industry has been in a volatile state of high demand and low supply. The international market has not seen such intense and prolonged growth since the ‘Dot Com Bubble’ of the late 1990s. Customers and manufacturers are scrambling to keep up with increasing demand and raised prices. Whilst some industry players are celebrating the increased financial successes of such a ripe marketplace, OEMs and EMSs are in a predicament. For them, a market turn is welcome, as an ongoing lack of stock creates production difficulties, and by extension, limits potential income. However, not everyone in the electronics industry would welcome a dramatic slowing of the market. We spoke to the executive team here at Component Sense to gauge their opinions on the current market situation. Kenny McGee (CEO), Rose McGee (Head of Sales), and Grant Rutherford (CTO) are all experts in the field of electronics and the global supply chain. So, when do they think that the market will turn? And how can you prepare for it?