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IPC: Economic Growth Projections Lowered for United States, Europe and China
July 11, 2022 | IPCEstimated reading time: 1 minute
Per IPC’s July Global Sentiment of the Electronics Supply Chain Report, nine in 10 electronics manufacturers surveyed are currently experiencing rising material costs, while four-fifths are experiencing rising labor costs. Eighty percent of respondents reported they have increased pricing due to higher material and labor costs. Supporting data from IPC’s July Economic Report indicate forces exerting pressure on the global economy, and conversely, the electronics manufacturing industry: growing recession uncertainties, higher gasoline and food prices, geopolitical uncertainties, and China COIVD policies and lockdowns exacerbating supply chain disruptions.
“Other risks remain acute,” said Shawn DuBravac, IPC chief economist. “Inflationary pressures remain historically high in many parts of the world. While supply chains appear to be improving, pricing pressure remains stiff. This is hurting profitability for many businesses but also leading both businesses and consumers to hold off purchases in hopes that prices will normalize. Moreover, higher prices for things like gasoline are crowding out other purchases consumers and businesses might make. How these forces will evolve in the coming months adds to the long list of uncertainties around the globe that will continue to dominate the near-term outlook.
Additional survey results from the global sentiment report indicate:
- Demand remains strong. More than half of survey respondents indicate orders will expand in the next six months
- While some improvements to inventory are expected, ease of recruiting/finding skilled talent are profit margins are likely to remain challenging
- Electronics manufacturers have expressed concern around the future availability of labor, components, materials (especially metals) and semiconductors.
IPC surveyed hundreds of companies from around the world, including a wide range of company sizes representing the full electronics manufacturing value chain.
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10/13/2025 | ImecImec, a world-leading research and innovation hub in nanoelectronics and digital technologies, welcomes AIXTRON, GlobalFoundries, KLA Corporation, Synopsys, and Veeco as first partners in its 300mm gallium-nitride (GaN) open innovation program track for low- and high-voltage power electronics applications.
NEDME Returns October 22 — The Northwest’s Premier Design & Manufacturing Expo
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Critical Minerals: The New Power Play in Global Trade
10/13/2025 | Marcy LaRont, I-Connect007Access to critical minerals essential for electronics manufacturing, and China’s monopoly of them, is increasingly under scrutiny, with gallium (Ga) and germanium (Ge)at the forefront of this discourse. However, all critical minerals imported from China share a similar narrative, and understanding the implications of this dependency and the risks to both U.S. commercial and defense sectors has created an urgent need for a comprehensive electronics strategy to secure and diversify access to these vital minerals. In this candid interview, USPAE Executive Director Jim Will discusses the issues and the mitigation steps that must be taken to adequately address them.
Precision PCB Acquires Assets of Microplace
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Electronics U Expands Global Workforce Training for the Electronics Industry
10/13/2025 | Global Electronics AssociationThe Global Electronics Association unveiled Electronics U, the new name and expanded vision for its workforce training and certification platform.