Average Annual Purchase of Electronics Components Topped US$30 Million in 2006 Expect Growth of 40 Percent in 2007
HONG KONG, June 21 /Xinhua-PRNewswire-FirstCall/ -- Forty six percent of mainland China electronics manufacturers prefer to source from mainland China distributors in 2007, according to Global Sources' (Nasdaq: GSOL) Seventh Annual Electronic Components Distributor Survey(http://www.esmchina.com/STATIC/SITE/DISTRIBUTOR_SURVEY_2007.HTM ).
(Logo: http://www.prnasia.com/sa/200701111135-min.jpg )
The survey also shows 29 percent of respondents prefer to source components from international distributors.
The annual Electronic Components Distributor Survey aims to give manufacturers and distributors a clear view of the state of the electronic components distribution market. This year's survey received 1,028 valid responses from managers working for electronics manufacturing companies in China.
"Mainland China's electronics supply chain has matured significantly in recent years," said publisher of the report, Mark A. Saunderson. "Mainland China-based manufacturers are now basing their purchasing decisions on supply chain business strategies rather than technical specifications alone.
"They are increasingly confident local distributors can deliver the products and services they have come to expect from international players."
Dr. Michael Liu, General Manager and Major Lee, Content Development Manager of Electronics Supply & Manufacturing-China ( http://www.esmchina.com ) presented the results in Shenzhen.
Leading international and regional component distributors, including Advanced MP Technology, Arrow Asia Pac, Avnet Asia, Excelpoint and WPG attended the presentation.
China Manufacturers Expected to Buy 40 Percent More Components in 2007
The report shows surveyed manufacturers expect to increase their annual component purchases to an average of US$42 million in 2007 -- up 40 percent from 2006.
Saunderson said: "Mainland China's manufacturers are expected to hike 2007 component orders in response to strong demand. Mainland China alone accounted for $551 billion in electronics sales last year, according to Technology Forecasters Inc., and this is expected to reach $674 billion in 2007."
Surveyed mainland China electronics manufacturers also said product quality and company reputation are the top criteria for selecting distributors. Other priorities included price, fast delivery and supply capacity.
The full report is free to download at: http://www.esmchina.com/STATIC/SITE/DISTRIBUTOR_SURVEY_2007.HTM .
Electronics Supply & Manufacturing-China and its website, http://www.esmchina.com are an important part of Global Sources' product information services, which include Global Sources trade magazines, Global Sources Online ( http://www.globalsources.com ), China Sourcing Reports ( http://www.chinasourcingreports.com ), Global Sources Direct ( http://www.globalsourcesdirect.com ) and the China Sourcing Fairs
( http://www.chinasourcingfair.com ). For more information, visit http://www.corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. The core business is facilitating trade from Greater China to the world, using a wide range of English-language media. The other key business segment facilitates trade from the world to Greater China using Chinese-language media.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 600,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 230 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 1.8 million products and more than 150,000 suppliers annually through 13 online marketplaces, 12 monthly magazines, over 100 sourcing research reports and nine specialized trade shows which run 22 times a year across seven cities.
Suppliers receive more than 13 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 36 years. In mainland China it has over 1,700 team members in 44 locations, and a community of over 1 million registered online users and magazine readers for
Chinese-language media.
About ESM-China
Electronics Supply & Manufacturing-China (ESM-China) is published by eMedia Asia Ltd., a joint venture between Global Sources and CMP, a leading integrated media company providing essential information and marketing services to the entire technology spectrum. The joint venture is a leading provider of new technology content, in print and online for thousands of technology specialists that drive the electronics industry in China and Asia. eMedia Asia Ltd. serves this community's ongoing need for the right information, at the right time through its integrated, local-language web networks, premier technical events and industry leading publications -- Electronics Supply & Manufacturing-China and Electronic Engineering Times-Asia.
Global Sources Press Contact in Asia:
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Investor Contact in Asia:
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Global Sources Press Contact in U.S.:
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Global Sources Investor Contact in U.S.:
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