The Electronics Supply Chain and Inflation: Octopart is Also Built for This

Over the next 18 months, high prices and inflation are an inevitability, according to Kiplinger, a Washington, D.C.-based publisher of business forecasts and personal finance advice. On average, electronic component prices jumped by 5 to 40% in the most recent quarter. Octopart does an excellent job taking on component supply chain interruptions as expertly outlined in this post Supply Chain Disruptions: Octopart is Built for This. But what about inflation? How can Octopart help you get around the rising cost of components?

Let’s first look at what’s causing inflation and its current impact on the electronics supply industry.

What is currently causing inflation? 

Geopolitical uncertainties -  ongoing conflict in Eastern Europe causing disruptions in the supply chain.

Inflationary pressures - increased pricing due to higher material and labor costs, growing recession uncertainties, and higher gasoline and food prices.

Covid -while China recently announced that it would shorten the isolation period for positive cases, it also said it would adopt more “forceful” measures to minimize the impact of Covid 19 and future variants. What those forceful measures are will remain to be seen.

According to a survey conducted by IPC earlier this year, nine out of ten electronic manufacturers are currently experiencing a rise in material prices, and 86 percent of electronics manufacturers are worried about inflation. 

When it comes to supply chain inflation, Octopart has your back

At Octopart, we take great pride in providing access to the component options you need to support your increasing bill of materials (BOM) requirements. We break down part pricing, making it easier to make purchasing decisions to accommodate your budget. 

Octopart helps you stay a step ahead of rising costs in uncertain times. Octopart’s pricing features allow users to sort search results by price. 

Sorting by Price

Octopart’s features allow users to sort search results by price:

Octopart shows a median price for all search results (calculated at a quantity of 1,000) to provide quick, comparable pricing:

Sorting on the Part Detail Page

At a glance, you can see pricing information for orders of 1, 10, 100, 1,000, and 10,000 to quickly see which distributors offer the best price for the quantity you need, no matter the volume. You can view this on any Part Detail Page to see how the unit price changes based on batch size and can be sorted by Stock Level or Price at any of the Price-Break points:

Octopart offers several ways to sort items by price. Check out this blog post here, which showcases Octopart price sorting features. 

Combat Rising Component Costs with Octopart

There’s no way around it. Prices are going to go up. With our massive collection of parts, smart search, and pricing tools, Octopart can help you overcome potential inflation challenges to build your next product affordably.

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