Mouser Electronics’ senior VP of products, Jeff Newell, emphasizes the role of electronic technology in the modern world and sees AI and robotics as two drivers for 2024
Inventory is key to supporting our large and growing customer base and we continue to invest. Giving our customers the most choices, plus continuously adding new suppliers to our linecard lets customers make the best design decisions. This strategy of having the widest breadth of products has helped insulate us somewhat against market fluctuations and inflationary pressures.
Still, we are not immune to current challenges and there continues to be a glut of inventory which has contributed to a softer 2023. We see this continuing into 2024. It’s difficult to predict the future, given the intensifying geopolitical conflicts and economic instability occurring in the world.
One thing is certain: our modern world runs on electronic components and at a macro level we don’t expect that to change. We see continued strength in the mil/aero and transportation sectors over the next few quarters. Key technology sectors, such as 5G, IoT, IIoT, AI, robotics, EVs and smart technologies will drive overall design, innovation and consumption in 2024.
Mouser is undergoing a multi-million dollar expansion at its Global Distribution Center to further expand the company’s capabilities.
Our focus areas of semiconductors, engineering tools and new product introductions will continue into 2024. In addition, we will continue our strategy to invest in inventory and the newest technologies from our manufacturer partners— as well as our e-commerce site, mouser.com—to serve our growing customer base of engineers and buyers.