April 12, 2024 /SemiMedia/ -- According to reports, electronic components distributor Farnell Electronics has significantly expanded its inventory of passive components as suppliers warn of supply challenges across Europe in the first half of this year.
Farnell has added passive component lines from Yageo, Kemet, Murata, Wurth Electronik and Panasonic to meet suppliers warning of potential shortages, the report said.
With the increasing popularity of consumer electronics, automotive electronics, and industrial automation, the passive components market is expected to continue to expand in the coming years.
"There are several ongoing issues affecting global supply chains, such as the scale and complexity of modern components, as well as supply chain and manufacturing disruptions caused by external factors such as weather events, trade restrictions and global instability," Murata said.
"Customers and service providers still have large amounts of inventory in their warehouses. Nonetheless, Wurth Elektronik has been investing in its supply chain and inventory to achieve growth. We expect a brighter and better second half of 2024," Wurth Elektronik said.
“Farnell is well aware of changing market demands and the need to stay ahead of the curve,” said Juergen Ruben, Farnell Sales Director DACH and Eastern Europe. “As the number of applications requiring passive components continues to increase, including industrial IoT, robotics, electric vehicles and charging, wearables, etc., our expanding product range and strong product pipeline position us well to meet the future demand for smaller and more powerful components. We know the market is changing rapidly and we are ready to meet the challenges with our expertise and commitment to quality service."
