UniBetter Solves 2024’s Electronic Component Procurement Challenges

Published on: May 24, 2024

As a buyer of electronic components, you are not alone if you find the pricing and lead time inconvenient for you to engage in your business operations without any interference this year. These two prominent problems are caused by several interconnected reasons.

Continuous orders and slow operational scale-up combined with strategic production cuts by manufacturers have led to raised prices. In the 4th quarter of 2023, mobile DRAM saw increases of around 18% on components, which continued into the 1st quarter of 2024. Demand increases in artificial intelligence, high-performance computing applications, and inventory restocking have contributed to higher prices in 2024 as per Source Engine. Businesses are expecting price breaks for electronic components purchases but, this is not something that is happening between different entities at the moment.

As a practice, UniBetter makes an effort to provide price breaks to customers and they are able to do the same this year. When you purchase your electronic components from UniBetter, you will be given price breaks for frequently purchased electronic parts. For this purpose, our team keeps track of your order records and identifies the electronic components you need in the long run. The price breaks are possible because of our global procurement team consisting of 30+ experts; they are continuously looking out for the most economically beneficial electronic parts and help maintain an ideal stock level.

Supply chain disruptions are majorly impacting the lead time of electronic components supply flow this year. Geopolitical tensions in the Red Sea caused by the Israel-Hamas conflict are impacting trading through the Panama Canal, wars in the Middle East and Ukraine, and tragic events like the Baltimore Key Bridge collapse can all directly or indirectly impact global supply chains.

UniBetter has formulated sustainable partnerships with over 7000 global electronic component supply chain channels and generates inventory to mitigate the outcome of supply chain disruptions. To maintain product quality within the warehouse, UniBetter follows 6S standards, engages in ESD protection management, complies with ISO management standards, and is equipped with dehumidifiers and drying cabinets, throughout the year.

You too can successfully navigate the electronic component procurement challenges in 2024, with the right electronic component supplier! With over 14 years of experience in supplying electronic components, UniBetter is fully equipped with strategies to help your business gain high-quality electronic components for competitive prices. Get in touch with us to learn more.