Within the past twenty years, the advent of globalization has allowed many tech companies to spread their roots and reach out to the far corners of the world, often locating to regions that are rapidly churning through different technological advancements. While globalizations has smoothed over the business of carrying out an international sales transactions, it has its own issues as well. Globalization means that a problem that's taking place in one corner of the world will have a direct impact elsewhere.
Take a look at what's happening in South Korea this week. South Korean judges have ruled to uphold a parliamentry decision that called for leader Park Geun-hye's resignation. The scandal has been going on for a long time, but now that a decision has been reached, one can only determine how it will affect the global market. After all, South Korea is home to one of the biggest tech companies in the world, Samsung.
The repercussions from the US election are still being felt. Donald Trump has instigated certain travel bans, prompting worried tech companies to recall all non-US employees who were travelling overseas. Yes, Google did this.
Market volatitlity introduces an unwanted factor into transactions: uncertainty.
The question is: how do you account for this uncertainty and avoid supply chain disruptions?
You prepare for it.
At EarthTron, we are in the business of supplying electronic components, and most of our buyers and suppliers are based in the US, but that doesn't mean we are immune to changes in the global market. A couple of years ago, one of our clients was facing a major crisis in Europe. The dollar rose in value, and US products became more expensive. Our client was seeing a slow-down in sales and inventory turnover, and this had a direct impact on our business.
But the good thing about working with EarthTron is that we truly care about our customers. We provide all of our clients with a personalized experience. During the beginning of any relationship, we try to learn as much about the customer as we can.
1) What parts/ part numbers do you purchase? If we see any of these out there, we'll immediately let you.
2) Do you have any builds coming up? Should we plan ahead and start sourcing these for you?
3) If you need a place to temporarily store these parts, we can offer you the option of placing your products in our VMI warehousing facility.
4) EarthTron can work both sides of the supply chain, handling RFQs and excess. If the part you are looking for is no longer available through a regular distributor, we can contact our network of suppliers and buyers and locate the part (or an alternative) for you.
5) We do the research. If your part has been designated as EOL, we'll locate an alternative you can use in your build.
We're always open to new opportunities. If you have any excess electronic components on hand, let us know. We use a combination of inbound and outbound marketing to locate the best price for your excess.
On the other hand, if you're searching for a more cost-effective option for your RFQ, send it our way. We can quote at least 15% off the list price for any electronic component. Guaranteed.
About EarthTron LLC
EarthTron consists of three specialized divisions:
Electronics supply chain management
FPGABuy, which focuses on Altera and Xilinx Distribution
EarthTron, located in Portsmouth, NH, is an Inc.500|5000 company.