After hitting a two year FBX high last week, ocean rates from China to the US West Coast declined slightly, but remain 68% higher than the end of May and 72% higher than last year, Freightos reports. Key insights: As carriers restore capacity, ocean rates dipped slightly, but are still 72% higher than last year…
DetailsAs Sourceability reaches its 5th birthday, the company has taken advantage of this milestone to completely revamp its brand image and affiliate sites to better reflect the company’s ambition to digitize the electronics industry supply chain and their transformation from a traditional distributor to a digital solutions provider. Through its three affiliate services, the company…
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If past is prologue, Analog Devices Inc.’s $20 billion acquisition of Maxim Integrated Products Inc. will prompt a major shake-up in its electronics distribution channel. When ADI acquired Linear Technology in 2017, it consolidated its global volume distribution network under one distributor – Arrow Electronics Inc. – and discontinued with the industry’s second-largest player, Avnet…
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Editor’s note: Bolaji Ojo, one of three founders of EPSNews, has left our parent company, AspenCore Media. Junko Yoshida, our new global editor-in-chief, bids him farewell on our behalf. Bolaji Ojo, our fearless group publisher at AspenCore Media (of which EE Times is part), has decided to resign. I won’t lie. I am profoundly sad to see…
DetailsSager Electronics, a leading North American distributor of Interconnect, Power and Electromechanical components and provider of value-add solutions, welcomes Brendan Lilly as Director of eBusiness. Mr. Lilly brings to this newly created role at Sager a depth and breadth of experience in digital business strategy, digital marketing, global eCommerce, market research, product design and development,…
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Freightos, a logistics marketplace, reports that carriers have introduced their third general rate increase (GRI) since the beginning of June. High Level Freight Update Growing import demand enabled a rare third consecutive GRI to push China-U.S. ocean rates up again, even as capacity gets closer to normal. Even the trade war lead-up in late 2018…
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In 2019, the worldwide contract manufacturing (CM) services market increased nominally — by 2.5 percent in total revenue — resulting in combined EMS and ODM revenue of over $555 billion, an expansion of $13 billion from the previous year, according to New Venture Research. The Worldwide Electronics Manufacturing Services Market – 2020 Edition reports revenue…
DetailsThe ECIA Independent Manufacturer Rep Council conducted extensive surveys of North American based distributors to identify the Best Practices used by manufacturers and their local representatives in the training of distributor personnel. Over 1,000 individuals were surveyed over a five-month period. From the insights gained from that research, the Council then developed extensive model training materials that…
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The nation’s leading manufacturing index surged to a 14-month high in June, rebounding by 9.5 percent into expansion territory. The Institute for Supply Management’s PMI reached 52.6 percent last month from a level of 31.8 percent in May. “As predicted, the growth cycle has returned after three straight months of Covid-19 disruptions,” said Tim Fiore,…
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