Avnet Insights Survey Shows Engineers Have Reached a Turning Point
14 Novembro 2023 - 10:00AM
Business Wire
Engineers are at a turning point when it comes to navigating the
design and supply chain disruptions of the last several years,
according to findings from Avnet (Nasdaq: AVT). The leading
technology distributor released its third annual Avnet Insights
survey, which has been keeping a pulse on engineers’ sentiments and
strategies around existing industry and market conditions. The 2023
survey found that, while there is a sense of optimism around acute
issues such as components availability, many are now looking at
what comes next – and that outlook remains uncertain.
Key takeaways from 2023:
- Nearly three-fourths of global respondents believe the severity
of the component shortage has improved year-over-year: 73% say the
shortage has gotten much better or somewhat better. What’s more,
this marks a significant shift in engineers who feel there have
been improvement compared to 2022, when 59% said the severity of
the shortages had gotten worse year-over-year.
- However, market conditions are becoming a bigger concern. More
than a quarter (29%) of respondents are more concerned about market
conditions vs. component availability, up from 18% in 2022. Still,
component availability remains top concern for the majority
(69%).
- Overall, respondents are experiencing improvements in their
access to a number of components – most notably passives (66%).
However, respondents are still feeling some strain with MCUs (20%)
and analog (19%) components.
- Hesitation remains around adoption of Artificial Intelligence
(AI) strategies. Avnet found only 4% of engineers are currently
using AI in their work today, and only 14% have plans to implement
it into their work this year. And despite a small selection who are
currently using AI or have plans to use it, a majority of
respondents appear to be resistant: more than half said they are
not using it and have no plans to (56%).
Strategies emerge from disruption to lay groundwork for
future
Despite feeling better about availability, the disruptions of
the past few years have engineers reevaluating how they approach
the supply chain. When it comes to supply chain tactics utilized to
navigate lack of component availability, the top three tactics for
2023 respondents were seeking alternative sources for parts (32%),
increasing buffer inventory (19%), and increasing the timetable of
demand forecasts (17%). Last year, while seeking alternative
sources remained the top solution, the second go-to tactic was to
go beyond the current approved manufacturer list. The decrease in
those going “off list” in favor of adapting inventory or forecasts
suggests engineers are looking for longer-term solutions to
navigate disruption.
Further, distributor relationships are proving of greater
importance. While last year, improving relationships with
distributors came in as the third most popular supply chain
strategy for managing the chip shortage (current conditions), the
2023 survey placed it at number one.
“Our third annual Avnet Insights survey underscored that while
many may be feeling more positively about getting access to the
necessary components, there is a trepidation about the future. As
such, many are looking at what they can do to set themselves up for
greater success,” said Rebeca Obregon-Jimenez, Avnet’s Senior Vice
President of Strategic Business Engagements and Supplier
Management. “One thing has become certain, and that is the desire
to implement long-term strategies that will help ease the impact of
any unforeseen disruptions and ensure flexibility in both sourcing
and design. The key to this is access to actionable data, which
distributors such as Avnet are using today to help OEMs gain more
visibility and control in their supply chains.”
When it comes to design tactics, Avnet found many engineers are
consistently leveraging many of the same legacy strategies to
address issues such as availability. For example, when components
are not available, most respondents say they use pin-to-pin
replacements with better specs/more functionality (17%), drop-in
replacements (16%), or redesigned boards (15%). Avnet’s 2022 survey
unveiled similar strategies.
In addition, when asked what design strategies they plan to
implement to better manage current conditions, top responses
included designing in standard approved components with multiple
manufacturers where possible (25%) and testing and qualifying
multiple parts that meet requirements early in the design process
(22%), which also aligned year-over-year.
The Avnet Insights survey was conducted among n=316 global
respondents. Regionally, respondents were based in the Americas,
EMEA, Asia, and Japan. The survey was fielded online from September
6-25, 2023, using Avnet’s global customer database.
About Avnet
As a leading global technology distributor and solutions
provider, Avnet has served customers’ evolving needs for an entire
century. We support customers at each stage of a product’s
lifecycle, from idea to design and from prototype to production.
Our unique position at the center of the technology value chain
enables us to accelerate the design and supply stages of product
development so customers can realize revenue faster. Decade after
decade, Avnet helps its customers and suppliers around the world
realize the transformative possibilities of technology. Learn more
about Avnet at avnet.com.
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http://www.linkedin.com/company/avnet
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disclaims any proprietary interest in marks other than its own.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114747448/en/
Jeanne Forbis Avnet jeanne.forbis@avnet.com 480-643-7499
Lauren Levinson Brodeur Partners, for Avnet
llevinson@brodeur.com 202-899-4639
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