While keeping inventory in stock is still a challenge, it is stabilising. Gradually, we’re seeing some lead time trends improve from some suppliers however, within semiconductors, lead times for many components remain at 40+ weeks. Specific components still remain a big challenge, however. Q: What are your observations & predictions for the rest of the year?Ī: Our key observations are that customer demand remains extremely strong across all industries and verticals, and we expect that to continue throughout this year and into 2023, as customers catch up, and then perhaps build some safety stock. By every measure we look at, we are just as busy, if not busier, than last year. Our bookings are up more than 25% over last year, as is quote activity, shipments going out the door and customers searching the website. Through the first quarter of 2022, every single transaction driver of the business for Digi-Key was high. We wrapped up 2021 growing faster than Digi-Key has ever grown in its history – we had a 65% growth rate last year. Ī: It has been a very busy year – as busy as last year, if not more so. And sign up to receive your own copy each month. This Q&A was originally featured in EPDT's H2 2022 Electronics Distribution supplement, included in the July 2022 issue of EPDT magazine. In this Q&A, EPDT talks to Ian Wallace, Digi-Key VP of Americas & EMEA Business Development, who provides an update on how the firm is faring in 2022, what he's looking forward to & new developments that electronic component distributor, Digi-Key is working on to better serve customers… Digi-Key PDC Expansion 2022 is already well on its way to being another strong year for the electronics distribution sector, despite tight supply from component manufacturers & continued supply chain disruptions.
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