According to the Commodity IQ Demand Index, across active and passive components globally, sourcing actions are forecast to decrease by 5% in Q3 after slipping by 2% month-over-month in July, and in line with seasonal trends. Component manufacturers use the lackluster environment to hone product portfolios, focusing on newer, more profitable technologies and end markets with better demand visibility while establishing end-of-life (EOL) classifications for legacy products. Qualifying multiple suppliers and considering new market entrants along with second and third-tier suppliers is recommended to fill any gaps.