As a cornerstone of its customer support during this challenging supply chain period, Midas Displays has increased its stock levels of many popular lines
Recent years have witnessed a reduction in availability of many B2C and B2B products containing electronics, with lead times doubling, tripling and quadrupling in some cases. In the automotive sector customers have struggled as new vehicle supply dwindled, causing second hand car prices to soar, while phone manufacturers produced less stock of their latest smartphones around their release dates. In the medical industry, the pandemic caused an increase in demand for medical equipment too.
The reason behind increasing lead times for electronic products was a challenging supply chain in the component sector impacting parts including ICs, connectors and LCD glass. Reasons for these component shortages were many: high IC demand driven by 5G rollout; an incredible increase in demand for home-office and home-schooling equipment during the pandemic; plus the pandemic’s impact on Asian manufacturing. Beyond the shortage of ICs and microcontrollers, TFT glass (used in laptops, mobile phones etc) was also limited.
While display lead-times are starting to improve, industry experts are expecting this supply shortage to continue to impact the market during 2023, continuing into 2024. Midas is striving to keep its customers updated, allowing them to prepare accordingly.
Midas is supporting its customers and doing all it can to mitigate any impacts to cost and lead times, wherever possible. As part of this support, the company has increased its stock levels of many popular lines. Midas has also worked closely with its distribution partners to ensure sample stocks of hundreds of products are available to buy online through Farnell, RS, Digi-Key and Rapid. Customers are still encouraged to place orders as early as possible.