Additionally, demand was softened by the ongoing US-China trade tensions, including the “China Plus One” phenomenon where manufacturers are increasingly looking to alternative sites outside of China for manufacturing. All these led to a reduction in demand for the company’s products which are part of the larger supply chain.
CDW Holding has reported a loss of US$1.07 mil for its FY2023 compared to the earnings of US$14.4 million in the preceding year.
Revenue was down 26.2% y-o-y to US$109.2 million. This was largely due to the combination of lower demand for its LCD Backlight Units segment, the restructuring of portfolio for its office automation segment as well as delay in the mass production of a major new product model from its OEM and accessories segment.
