Comment from ADEC
12 February 2003
News
Glynn Watkins, ADEC chairman
In retrospect, 2002 will be seen as a buoyant period for most component distributors, when, after the stagnation of 2000 and 2001, growth turnover and profitability became attainable goals.
Although customs statistics may belie this growth, it is our opinion that direct importation in components fell and local distribution grew. Companies enjoyed a favourable export market as a weak rand made local products look very attractive. Increased emphasis by customers on better service forced many to re-evaluate their own in-house methods and policies to distribution, to accommodate market demands. Due to the decrease in demand in the telecommunications industry, stock shortages stabilised and accurate delivery times ensured local distributors the successful supply of local product to their customers.
2003
With a predicted growth of at least 3% in South Africa, 2003 looks set to continue the upward trend in our industry, although a stronger rand will reduce positive export sales and lead to distribution finding itself hard put to maintain rand value sales.
On a more positive note, whilst some major manufacturers had decided to go offshore to fulfil their contract requirements, there are signs that this trend may be reversed. The global economic industry also appears to be shaking off its economic woes and signs of an upturn were evident at electronica in Munich, which attracted a large representation from South African distribution.
ADEC
On the local front, we are pleased to announce that ADEC will be holding its biannual trade show in the second half of 2003. It is proposed to run the show in parallel with the Professional Mobile Radio Exhibition, at Kyalami Racetrack. The ADEC Committee is of the opinion that this venue offers many advantages for both the exhibitors and the visitors.
For more information contact ADEC, (Association of Distributors and Manufacturers of Electronic Components), 011 795 2114, [email protected]
Further reading:
From the editor's desk: Exciting times ahead?
Technews Publishing
News
There are many subjects that excite me in this world, but two of the larger technical subjects are, firstly, renewable energy, and secondly, the idea of artificial intelligence as it continues to evolve
...
Read more...
Microchip expands partnership with TSMC
News
Microchip Technology has announced it has expanded its partnership with TSMC to enable a specialised 40 nm manufacturing capacity at Japan Advanced Semiconductor Manufacturing.
Read more...
Huge SA grid battery project
News
A standalone battery energy storage system (BESS) has won preferred bidder status under South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP).
Read more...
Mouser sponsors NCP Cup 2024
News
The NXP Cup is an EMEA-based autonomous car competition, presented by NXP Semiconductors, which is designed to provide students with real-world experiences in autonomous vehicle programming and building.
Read more...
TrinaTracker brings its smart solar tracking to SA
News
The Vanguard 1P is designed to provide customers with trackers that combine suitability for flat terrain, together with outstanding system stability and reliability, quick installation, and flexible external compatibility.
Read more...
Nordex adding 830 MW of wind generation
News
Nordex Energy South Africa will be adding 830 MW of wind energy generation capacity to the company’s already-installed 1 GW base.
Read more...
Invertek produces its three millionth drive
iTek Drives
News
Invertek Drives Ltd, a global manufacturer of variable frequency drive (VFD) technology, has celebrated producing its three millionth VFD, just three years after its two-million milestone.
Read more...
Analog Devices’ digital storefront is live
News
Analog Devices has designed an improved digital experience with users in mind – a new analog.com website and eShop.
Read more...
Vicor Powering Innovation podcast
News
The episode explores electrification with Lightning Motorcycles, a company that produces the fastest electric motorcycle on the planet.
Read more...
ModusToolbox Workshop 3
News
This workshop will focus on enabling a PSoC development kit, connected over Wi-Fi and leveraging MQTT, to create the framework of an IoT application.
Read more...
printer friendly version