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COVER STORY


Looking beyond the crisis to a better 2021


By Steve Rawlins, CEO, Anglia A


s we draw the curtains on 2020, the overall market for electronic components seems to be experiencing a recovery. Yet there remain some issues that are weighing on the market. Of course, our transition period in exiting the EU also comes to an end at the beginning of 2021. Also, as I write, this we are having to manage the complications caused by a further lockdown period which whilst necessary is none the less disappointing and frustrating. Let me start by addressing these points before looking beyond them to the recovery, albeit fragile, that is now emerging.


Leaving the EU


As the UK leaves the EU, many customers have expressed concern about customs checks and duties, as well as additional freight costs. Anglia has continued to invest in inventory throughout the last year, wherever possible taking strong positions where we see lead-times lengthening and shortages developing, allowing us to support our customers. We hold all our inventory in the UK, and we like to maintain a very high level in proportion to the size of our business,


typically our stock turn is below 2. This puts us in the best possible position to buffer UK customers against any short- term disruption as we exit the EU.


Much of our stock comes from US, Japanese and other Asian suppliers, so these are largely unaffected by Brexit. Some of these supplies are routed via hubs in the EU – so we may see some disruption as we try to replenish our own inventory, but by working with customers and suppliers, as well as planning ahead, we should be able to minimise the impact. We’ve also made in-plant stores an economic and practical option for so many more customers with Anglia 80/20. Once implemented customers just scan out stock and pay as they use it, we handle the replenishment automatically at no additional cost with no up-front capital commitment, giving them a buffer in their warehouse.


COVID


Despite the imposition of a further national lock down in the UK, the crucial thing is to look past the current crisis to the future. Anglia has continued to invest in the future of its business since the start of the first lockdown in March. Our software team has continued to develop new services for Anglia Live. We’ll be announcing the fruits of these efforts soon – and some of these new enhancements will be industry firsts. We have also continued to develop new lines to ensure


8 December/January 2021 Components in Electronics www.cieonline.co.uk


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