Optimism grows over mainland China’s electronics industry
Posted by China Sourcing CommentatorMay 22
Eighty-nine percent of component distributors forecast revenue growth and over half of manufacturers say economic downturn has had little or no impact on sales; Global Sources’ Survey also reveals manufacturers’ top distributors HONG KONG, June 16 /PRNewswire-Asia-First Call/ — Eighty-nine percent of mainland China’s electronic component distributors expect revenue to grow in 2009, forecasting an average increase of 13 percent; while 55 percent of mainland Chinese manufacturers surveyed said the economic downturn has had little or no impact on their business. The results were revealed in the ninth Annual Electronic Components Distributor Survey conducted by Global Sources, electronics management title, Electronics Supply & Manufacturing-China. Mainland Chinese manufacturers well equipped to cope with change — Manufacturers order 54 percent of their components directly from distributors. — Seventy-eight percent of manufacturers plan to either increase their purchases from distributors, or keep them the same, this year. — They are selecting distributors based on availability of onsite engineering support (48 percent), reference design (45 percent), test service (30 percent) and development tools (28 percent). Publisher of ESM-China, Mark A. Saunderson said: “As well as providing an insight into the distribution landscape for 2009, the Survey also points to a robust electronics industry where manufacturers are well-equipped to cope with the market challenges and feel positive about making a profit. Distributors can also take away some good pointers on what manufacturers are looking for, now and in the future. ” Distributors are changing their tactics to grow business Mainland China distributors are also shifting their strategy to grow their business. An increasing number of them are now focusing on serving medium- and small-scale manufacturers rather than larger-scale outfits. They are also looking at delivering more solutions to emerging, high- profit application markets including: — control, security, test and medical equipment; — computer and peripherals; and — automotive, avionics and military electronics. Distributors have also implemented a number of steps to ensure the quality of their components in reaction to the demands from both the mainland China and global consumer market. These include strict supplier approval; employee training; third-party testing; purchase testing equipment and ISO certification. Mainland China manufacturers vote for their most preferred distributors As part of the Survey, mainland Chinese manufacturers were asked to vote for their most preferred distributors in five different categories. Winners of each category are (in alphabetical order): About China Sourcing As a sourcing agent, we have had more than 3 year’s experience of import & export trading in Chinese and overseas market. We could offer you the professional, one-stop and low-cost service. As a China wholesale company, Savino buyer’s agent are always dedicating to save cost for customers. For more information, please visit our website http://www. cnbuyersagent. com/
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