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UK Prime Minister secures trade agreement with US
Industry Insights

UK Prime Minister secures trade agreement with US

Thousands of jobs have been saved as the Prime Minister secured a first-of-a-kind trade agreement with the US. The agreement with the US slashes tariffs for UK carmakers, steelworks, and farmers – protecting jobs and providing stability for exporters. Car export tariffs will reduce from 27.5% to 10% – saving hundreds of millions a year

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ECIA establishes tariff policy working group
Industry Insights Sourcing Strategies

ECIA establishes tariff policy working group

In response to ECIA members and industry stakeholders, the Association’s Global Industry Practices Committee (GIPC) has established a working group to facilitate information sharing and impact mitigation strategies around tariff operations. This group will address process and strategic concerns including: Methods and strategies for handling tariff charges Understanding different government regulatory frameworks, e.g. Section 301a

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Industry Insights

Farnell Q3 performance “encourages” Avnet CEO

Avnet has reported Q3 sales of $5.31 billion, a year on year decline of 6%. The results were near the high end of Avent’s guidance, and aided by better than expected performances from Farnell and Asia/Pacific sales. These gains were offset by expected ongoing weaknesses in the West with Europe presenting the most challenging market

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Tariffs on essential security products threaten harm to public safety
Industry Insights Regulation

Tariffs on security products threaten harm to public safety

By Don Erickson, CEO, Security Industry Association In April, US global trade policy was turned on its head, sending the global economy on a roller coaster ride of highs and lows. The dramatically high tariffs announced by the Trump administration have resulted in unnecessary uncertainty for security businesses that create quality jobs and benefits for

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Microchips: EU off the pace in a global race
Industry Insights Market Analysis

Microchips: EU off the pace in a global race

It is very unlikely that the EU will meet its target of a 20% share of the global market for microchips by 2030, according to a new report by the European Court of Auditors. While the 2022 EU Chips Act has brought new momentum to the European microchip sector, the investments driven by it are

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Industry Insights

Procurement Hotspot: Vietnam

Vietnam, located on the Eastern edge of mainland Southeast Asia, has emerged as a dynamic and rapidly growing nation with a strengthening economy and industrial sector. With a population of around 100 million, this socialist-oriented market economy has transformed since the ‘Đổi Má»›i’ reforms in 1986, fostering substantial economic growth. Vietnam has steadily grown to

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If your industrial fibre optic application is a new design, there are really three basic questions your procurement team must answer
Industry Insights

Spec’ing and sourcing industrial fibre optic data links

By William Heath, Commercial Director, OMC If your industrial fibre optic application is a new design, there are really three basic questions your procurement team must answer in order for us to supply the best fibre optic datalink. We need to know: 1. What the data rate is; 2. Over what physical distance you are

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NVIDIA CEO’s China visit shows Trump trade stance is backfiring
Industry Insights Sourcing Strategies

NVIDIA CEO’s China visit shows Trump’s trade is backfiring

NVIDIA CEO Jensen Huang’s visit to Beijing just days after Washington imposed fresh curbs on AI chip exports is a clear sign that President Trump’s trade strategy is “a masterclass in the law of unintended consequences,” says Nigel Green, CEO, deVere Group. Huang’s surprise trip, at the invitation of a government-linked Chinese trade group, came

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Melexis announces next step in its China strategy
Industry Insights

Melexis announces next step in its China strategy

Melexis, a global supplier of micro-electronic semiconductor solutions, announces the next step in its China strategy – a move designed to further strengthen its commitment to the rapidly growing and innovative Chinese market: expanding on its existing operations by establishing a locally embedded logistics hub and end-to-end local manufacturing in China. The strategy represents a

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FORTEC Group enhances production strategy for the US market
Industry Insights Market Analysis

FORTEC Group enhances production strategy for the US market

FORTEC Group enables European companies with US customers to optimise their production chains. By combining local manufacturing in the United States with the strategic pre-assembly of electronic components in Egypt, the company, together with its subsidiaries, provides a cost-effective pathway for the electronics industry to supply the US market. Thanks to this coordinated production chain,

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