European manufacturers critical to mitigating Coronavirus China components shortage, says Prime Light
17 February 2020
European manufacturers hold the key to alleviating worldwide shortages in LED & other lighting components, as Chinese factories halt production in the wake of the Coronavirus outbreak, according to lighting industry experts, Prime Light.
The team at Prime Light, a distributor of high-quality components to the lighting industry, have warned that businesses who rely heavily on imported products from China could be just weeks away from a critical component shortage, as the outbreak ripples through global manufacturing supply chains, forcing factory closures.
The warning comes amid reports that electronics companies in China face significant production cuts and possible delays in launch of products, further disrupting component supplies and costs across the world.
In fact, according to reports in The Telegraph, as of last week, two-thirds of the Chinese economy remained closed. More than 80% of its manufacturing industry is closed, rising to 90% for exporters. According to reports in The FT, Chinese vendors have already increased component prices by 2-3% due to supply shortages triggered by factory shutdowns, with fears this could rise further unless the situation improves.
Although many factories are expected to reopen shortly, delays in the design and prototyping processes could cascade well into the coming months.
While the full extent of any potential impact caused by production delays from Chinese parts manufacturers is yet to be determined, the supply shortages are expected to primarily effect manufacturers buying finished or sub-assembled products from the region.
Commenting on the supply challenges, Russell Parr, Sales & Marketing Director at Prime Light, said: “There is a concerted effort amongst European based suppliers to mitigate any component shortages from China and the surrounding regions. European-based lighting manufacturers and suppliers will be central to alleviating any potential impact across the industry.
“By working with European suppliers, Prime Light is confident that the likelihood of any supply shortages, or indeed international trade issues, are avoided, as almost all components supplied are manufactured in the UK and Europe.
“We continue to work closely with our suppliers and customers to minimise any disruptions, and we are confident that we will be able to fulfil orders and limit any potentially costly interruption in supply,” added Parr of Prime Light, which carries over 2 million stock items, and provides specialist sourcing services for some of the world’s leading lighting manufacturers.
For more information, visit: www.primelight.co.uk
About Prime Light
Prime Light has been specialising in the distribution of high quality electrical components to the lighting industry and other related markets for approaching 30 years. Partners include some of the world’s leading producers of electronic and electrical components, notably BJB, Citizen, Ensto, ELT, Elkamet, Wiska and TCI
An extensive product range includes LEDs, LED Drivers, lampholders, control gear, plug & socket connectors, transformers, terminal blocks, cables, lighting capacitors and related accessories.
Contact Details and Archive...