The Monthly Newsletter - February 2023

Following the publication of the first MR-Solutions Newsletter, we have made some small amendments to try and make this as beneficial and insightful as possible!

I am always open to finding out more about what it is that you would like to be included in the newsletter so if there are particular aspects of the industry that you would like to find out about, please feel free to send me your suggestions!

Here is what the Februarys Newsletter includes:

1. What Has Been Happening in the Industry This Month?
2. What Are This Month's Opportunities?
3. Let's Take a Look Back to Look Forward
4. Star Resourcer of the Week
5. Promotions
6. Our Details

What Has Been Happening in the Industry This Month?

Arrow Electronics Accounce Record Sales of $37.12 Billion - Arrow Electronics recorded a record year in 2022, announcing annual sales of ￡37.12bn, up 8% year-on-year from 2021.

Smiths Announce 100% Revenue Growth Across EMEA - Smith & Associates has announced major growth across EMEA in 2022. The company increased its workforce by 60%, whilst more than doubling its annual revenue

Wolfspeed to Build $3 Billion EV Chip Fab in Germany - Wolfspeed and automotive supplier ZF have officially announced an agreement to develop a new $3 billion EV chip factory in Germany, with construction to start this year!

Texas Instruments Announce $11 Billion Chip Fab in Utah - Texas Instruments have announced an $11 billion into their microchip fabrication plant in Lehi, Utah. Governor Spencer Cox announced it as the "largest private economy investment in state history".

Microchip to Invest $800m to Expand Colorado Fab - Microchip Technology has announced an $800 million expansion to its facility in Colorado Springs. The investment is set to increase the silicon carbide and silicon production capacity.

Infineon's €5 Billion Dresden Fab Receives Approval - Infineon has received approval from the German Federal Ministry for Economic Affairs and Climate Action, for an early project launch meaning the construction can begin before the completion of the inspection.

What Are This Month's Opportunities?

Area Sales Manager - Up to ￡40k Base, Commission, Company Car - South

• This leading OEM is looking to replace a recent departure, due to this you will inherit a region worth ￡750k, 130+ buying accounts and 20 key accounts; you will be targeted to grow this account base and area.

Sales Manager - Up to ￡50k Base, Company Car - Buckinghamshire

• This family-run EMS is looking to replace its current Sales Manager with a candidate who is not afraid to wear multiple hats and be hands-on throughout all sales processes. This is an office-based role however there is flexibility for the right candidate.

Business Development Manager - Up to ￡55k Base, Commission - Midlands

• A leading Kitting/EMS partner of ours is looking to add to its team after a recent departure! The role is 75% BD and 25% AM with internal account manager support and will be selling manufacturing services such as cable assemblies and Design Services to OEMs and CEMs in the Electronics market.

Account Representative - Up to ￡40k Base, ￡10k OTE - Buckinghamshire

• Working for one of the largest Franchised Distributors this role comes with an allocated account base in which you will be targeting to grow and create new business opportunities with no internal support. This is a hybrid role so provides great flexibility to work up to two days from home and the rest in the office!

Internal Sales - Up to €46k Base - Wurzburg, Germany

• Working for one of our Franchised Distributor partners, this position requires no industry experience but could be a great way to start a career in the Electronics Industry. Hybrid working is available for this role with up to 2 days working from home.

Strategic Account Manager - Up to ￡50k base, Commission - Cambridgeshire

• Due to this being a replacement role, you will be inheriting one of the largest areas for this leading OEM. With a region worth ￡2 million, you will inherit an existing account base of 160+ buying accounts and 5-6 key accounts and be targeting to grow this account base and area.

Business Development Manager - Up to ￡60k base - Worcestershire

• Due to recent organic growth, this leading OEM is looking to add to its UK Team. This role is 50%/50% AM and BD and you will be allocated an existing account base whilst also being targeted to manage new prospects for the business. This is a hybrid role with up to 2 days working from home however this is negotiable for the right candidate!

Product Manager - Up to ￡70k base - UK Wide

• A leading distributor of high-tech equipment and solutions is looking to add to its UK team! You will be responsible for the execution of product strategy, product introduction planning and supporting the decision on stocking; This position also offers a great opportunity for growth and advancement.

Please Note: Any other roles posted during February that aren't on this newsletter are now closed.

If you are interested in finding out more about these roles, simply click on the direct link to the role or you can click on the link below to view all of our active opportunities.

Let's Take a Look Back to Move Forward:

The Electronic Component market was valued at USD $186.38 billion in 2022 and is projected to grow at a CAGR of 6.5%, reaching USD $328.50 billion by 2023. Active components have been identified as catering to the largest share of the industry, followed by passive components which align with the growth of the IoT/IIoT and Automotive sectors.

What are the limitations of the industry?

The industry is facing multiple limitations as a result of the COVID-19 pandemic; packaging failures have led to the failure of semiconductor devices due to corrosion or device mechanical tension as well as affected the lead time of many components; disruption in the orderly running of the supply chain of companies has led to a limited ability to develop business, especially between the majority of companies and China, which is anticipated to continue being a limitation.

However, despite these issues, the market is still projected to grow tremendously over the coming years. Let's look into why.

What is causing growth in the industry?

There are multiple reasons why the industry is still growing rapidly despite the impact of COVID-19 and other factors. One main reason is the growth of the IoT and IIoT sector which is currently undergoing major advances; this has resulted in IoT connections being estimated to hit 25 billion by the end of 2023. This can be seen as a benefit of COVID-19 after thousands were forced to work from home leading to an increase in demand for the internet, mobile phones, microphones and laptops. The accelerated penetration has not only contributed to the rise of Industry 4.0 but highlights the reason why active components cater to the largest share of the industry; it has been the most profitable of a large range of technical advances due to the increased demand for the modular IC and multi-layered ICs that are used within these devices.

Another reason for the projection is the growth of the Automotive market which is a result of the growth of electric/ hybrid/ plug-in vehicles leading to an increased demand for passive components. In 2022, electric vehicle sales increased by 40% and 42,284 new EVs were registered in the UK in December 2022, a figure which is 52.62% higher than the number registered a year earlier.

What other factors do you think are contributing to the growth of the industry?

All information found in this section is from the following sites.        

Star Resourcer of the Week:

As a result of the recent promotion of a team member, we have decided to expand the 'Star Resourcer of the Week' award to the whole team. Here is this month's Star Resourcers!

Jan 31st - Feb 5th

Marcus Jacques was awarded Star Resourcer of the Week for the 5th week following his exceptional effort and attitude towards his work. He has continuously supported the team while managing his own candidates to ensure they are provided with the right service!

Feb 6th - Feb 12th

Libby Folkard since starting her role in November 2022 has shown great willingness to learn our processes and has already supported many candidates throughout their recruitment journey. She continues to build on her knowledge and provides a great support to all her candidates

Feb 13th - Feb 19th

Richard Hepburn has been going the extra mile to understand both the roles that he is working on and the candidates that he is working with to ensure that both our clients and candidates are getting the best service. He is always open to learning new things and throwing himself at any challenge we present!

20th Feb - 26th Feb

Marcus Jacques has thrown himself into his new role, taking every chance to learn and build on his existing knowledge. Whilst training in his new role he has also ensured that he is still supporting his candidates throughout their recruitment journey!

This month we have had TWO promotions!

This month Marcus Jacques and Richard Hepburn have both been promoted! Marcus is now our new Delivery Coordinator meaning he is now taking on more client acquisition whilst also supporting his candidates through more of their recruitment journey. Richard after being with us only 3 months is now a Senior Market Resourcer, he has taken on more responsibility supporting his team and his candidates through their recruitment journey.

Well done to you both, keep up the great work!

For more information about MR-Solutions or to speak to a member of the team, please call +44 (0)1908 752 080 or pop us an email:

Michael Roberts - Founder/Director - [email protected]

Lewis Macknight - UK Divisional Manager - [email protected]

Zoe Carter - Delivery Manager - [email protected]

Marcus Jacques - Delivery Coordinator - [email protected]

Richard Hepburn - Senior Market Resourcer - [email protected]

Libby Folkard - Market Resourcer - [email protected]