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IEC Electronics' customers reexamining future supply chain dependencies on Far East manufacturing

IEC Electronics (NASDAQ:IEC) CEO Jeff Schlarbaum tells Proactive the New York-based electronics manufacturer says because of the coronavirus pandemic, its customers are reexamining future supply chain dependencies on Far East manufacturing.

Schlarbaum, who contract manufactures 100% of its products in the US, says the firm is ready to scale for its customers are looking to reestablish manufacturing services in the US.

Quick facts: IEC Electronics

Price: 9.99 USD

NASDAQ:IEC
Market: NASDAQ
Market Cap: $104.93 m
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IEC Electronics reveals strong sales and income in its fiscal 4Q and...

IEC Electronics Corp (NASDAQ:IEC) CEO Jeff Schlarbaum tells Proactive the Newark, New York-based firm produced $46.4 million in revenue during its fiscal 2020 fourth quarter -- a nearly 6% year-over-year increase. Schlarbaum says higher sales in the quarter ended September 30, helped the...

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