ECIA Surveys Electronics Industry for Insights into COVID-19 Impact
How is the spread of the coronavirus and COVID-19 affecting the electronic components industry and the supply chain? The Electronic Components Industry Association (EICA) is surveying member manufacturing and distributor companies.
Its fourth round of questions, conducted March 16-20, show that despite the exponential growth of coronavirus around the world, a major jump in positive expectations regarding the companies’ abilities to supply customers on time. Survey results a large shift toward “no impact” and “minimal impact” in all three component segments with the largest share of responses falling in these categories.
In addition, the largest group now expects no disruption in the supply chain. This is not, however, consistent with inputs on questions regarding concerns about impact at the different stages of the supply chain. As seen in previous surveys, a large share of respondents continues to struggle with adequate visibility on the supply chain and are unable to quantify the impact of this crisis.
As seen in previous surveys, a large share of respondents continue to struggle with adequate visibility on the supply chain and are unable to quantify the impact of this crisis. Semiconductor participants appear to have the greatest challenge as more than 60 percent of respondents are still unable to assess the impact level of the coronavirus on their ability to supply customers. At this point, of those companies able to gauge the influence of the coronavirus on their supply chains, most expect no increase or a “less than one-week” impact on lead times. Again, a significant improvement from prior surveys.
“As the Coronavirus / COVID-19 transforms from a China-centric challenge to a global pandemic, the impact on the world electronics supply chains and markets has shifted,” explained Dale Ford, ECIA chief analyst. “The results of the latest ECIA survey show that depressed end-market demand due to widening quarantine orders in major economies is significantly reducing pressure on the electronics components supply chain. Participants in the electronics components industry are now faced with the challenge of balancing the supply / demand environment in a world plagued with uncertainty and fear.”
A synopsis of the most recent survey is available on the ECIA coronavirus resources page.