Summary: Future Electronics has issued an industry update and new guidance to ensure its customers’ passive component requirements are met during the ongoing market uncertainty.
Montreal, Canada – December 30, 2019 – Future Electronics, a global leading distributor of electronic components, has issued an important industry update and provided specific recommendations to their customers on how to meet passive component requirements during this period of ongoing market uncertainty.
“It is understandable that customers are concerned about the possibility of tight supply in 2020 and beyond,” said Jacques Hing, Corporate Vice President for Passive Components at Future Electronics. “The decisions that customers make today to their passive component supply chain are critical to their security of supply.”
The imbalance of supply and demand experienced during the MLCC market crisis of 2018 was driven in large part by the automotive and smart phone market segments. In addition, the industry has seen a significant increase in demand from newer applications including IOT, drones, connected vehicles, smart grids, and wearables. The imminent mass adoption of 5G will also require many more MLCCs and passive components.
Even during the severe MLCC shortages of 2018, Future’s best-in-class supply chain programs ensured more than 99.5% on-time delivery to customers around the world.
“We strongly recommend that customers take full advantage of Future Electronics as an extension of their own purchasing and engineering departments,” Hing said. “We can provide real-time, line by line expert consultation on your full passive spend, and we will help you make the best decisions for your business.”
Future Electronics is the world’s leading passive distributor, with the most complete line card in the industry, including MLCCs, as well as the full range of capacitive and resistive products such as film caps, supercaps, tantalum caps including polymers and inductors.
Click www.FutureElectronics.com/passives to learn how Future can help ensure guaranteed continuity of supply. To access the world’s largest available-to-sell inventory, visit www.FutureElectronics.com.
About Future Electronics
Future Electronics is a global leader in electronics distribution, recognized for providing customers with global supply chain solutions, custom-tailored engineering services and a comprehensive suite of passives and semiconductor products. Founded by Robert Miller in 1968, Future Electronics has over 5,500 employees and operates in 169 offices in 44 countries around the world. Future Electronics is globally integrated, with a unified IT infrastructure that delivers real-time inventory availability and access to customers. With the highest level of service, the most advanced engineering capabilities, and the largest available-to-sell inventory in the world, Future’s mission is always to Delight the Customer®. For more information, visit www.FutureElectronics.com.
Martin H. Gordon
Director, Corporate Communications
514-694-7710 (ext. 2236)