Freedom’s VP of sales, John Magee, says the company is scaling its operations, adding sales, purchasing and support staff ahead of the projected market growth for 2025 and beyond.
Although the beginning of 2024 presented a variety of inventory related challenges for the electronics component industry, Freedom has already seen an improvement in the second half. Our smaller and mid- size OEMs and CMs are engaged and looking for support not offered readily through the franchised channel. We see improving demand in several market segments led by medical and general industrial.
As we move into 2025, pending supply issues linger as distributors continue to decrease their inventory positions. The inventory correction by the channel will coincide with customers also depleting their excess inventory accumulated during the glut in 2023. In addition, we see OCMs continue to trim their portfolios, creating short-term design and supply issues for our customers.
Ongoing geopolitical tensions will test supply chain resilience and again we see a large subset of our customers looking for partners
that can execute at a high level. These activities will lead to strong opportunities for a distributor like Freedom. Our focus on customer service and flexible inventory programs will give OEMs and CMs a great option when selecting a partner to buy their electronics components.
Our investment in operations will position Freedom to support a variety of customer needs created by ongoing supply uncertainty in 2025 and beyond.