The Knowledge Base: Beyond the Badge—Why Membership Matters More Than Ever
Smart Automation: AI—Revolutionizing Inspection in Electronics Manufacturing
Standard of Excellence: The Role of Technology in Enhancing the Customer Experience
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.
Share on:
Suggested Items
Living His Dream: IPC EAO Course Leads Thejas K to Role as Quality Engineer
05/30/2025 | Michelle Te, IPC CommunityIt’s not often that a child wants to follow in the footsteps of their parents’ career. But Thejas K, a 22-year-old from Mysuru, India, whose mother Padmavathi was an EMS operator for nearly 20 years, is now an associate engineer in the quality department at Cyient DLM where PCB assemblies are manufactured for aerospace and defense.
GTSMT SMT Production Lines are Transforming Modern Electronics Manufacturing
05/29/2025 | EINPresswire.comGTSMT, a prominent leader in the Surface-Mount Technology (SMT) sector, announced the introduction of cutting-edge innovations designed to tackle the evolving challenges facing the global electronics manufacturing industry.
IPC Applauds Leadership of Reps. Moore and Krishnamoorthi on PCB Manufacturing Bill
05/28/2025 | IPCIPC, the global electronics association serving more than 1,400 U.S. companies and over 3,200 worldwide, strongly supports the bipartisan reintroduction on May 28 of the Protecting Circuit Boards and Substrates (PCBS) Act in the 119th Congress.
Smart Automation: AI—Revolutionizing Inspection in Electronics Manufacturing
05/27/2025 | Josh Casper -- Column: Smart AutomationArtificial Intelligence (AI) is rapidly becoming a staple in our personal and professional lives. In electronics manufacturing, integrating AI to combat common inefficiencies and to contextualize data will open new doors into how we supplement our traditional processes. In some specific areas of the electronics manufacturing process, integration of AI on the factory floor is already having a tremendous effect. One such area is PCBA inspection, particularly 3D automated optical inspection (AOI) systems.
Indium Promotes O’Leary to Director of Global Accounts
05/27/2025 | Indium CorporationIndium Corporation, a leading materials refiner, smelter, manufacturer, and supplier to electronics, semiconductor, thin-film, and thermal management industries, announces the promotion of Brian O’Leary to Director of Global Accounts.