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IPC Releases July Global Sentiment of the Electronics Supply Chain ReportAugust 1, 2023 | IPC
Estimated reading time: 1 minute
Current conditions have receded with Shipments Index, Orders Index, and Capacity Utilization Index all weakening in July, but at the same time, the outlook for shipments, orders, and utilization all improved per IPC’s July 2023 Global Sentiment of the Electronics Supply Chain Report.
In addition, cost pressures continue to decline and the outlook for inventory availability continues to improve. “The majority of survey respondents are still reporting that labor costs and material costs are rising, but the number of companies experiencing rising costs declined again this month. The outlook for costs also improved this month,” said Shawn DuBravac, IPC chief economist. “Both outlook indexes looking at inventory availability improved this month,” DuBravac added.”
Per special questions asked about EMS market share, industry expects Mexico’s EMS market share to grow in the coming years. Survey data show:
- Over the next 10 years, manufacturers expect North American EMS market share in the USA to steadily decline, while increasing in Mexico and remaining relatively stable in Canada.
- Industry executives expect the global EMS share in North America will increase somewhat over the next 10 years. It is expected to increase significantly in Mexico, while declining across other markets.
- Of interest, North American manufacturers anticipate a significantly higher 10-year increase in global EMS share in the North American market, with European manufacturers expecting a significantly higher 10-year increase in other markets.
For the report, IPC surveyed hundreds of companies from around the world, including a wide range of company sizes representing the full electronics manufacturing value chain. View full report.
When high school students face an upcoming test, they may experience a mix of dread and excitement, depending on the source material and how well they’ve prepared. Similarly, professionals sitting for a certification exam to test their knowledge of IPC standards may feel a whirlwind of emotions. However, these aren't just any exams; they’re meant for operators, engineers, and managers building the critical infrastructure of our world’s most essential electronics systems.
On the cusp of another IPC APEX EXPO, we focus on how bare board fabricators can maximize their time and investment at the show. We visited with Matt Kelly, IPC chief technologist, and Julia Gumminger, IPC professional development and events manager, as well as Udo Welzel and Stanton Rak, the chairs of the technical program committee, to discuss the technical depth and breadth that the 2024 show will bring to fabricators and professionals all along the supply chain.
Each quarter, IPC releases a list of standards that are new or have been updated. To view a complete list of newly published standards and standards revisions, translations, proposed standards for ballot, final drafts for industry review, working drafts, and project approvals, visit ipc.org/status.
IPC’s efforts in government relations and advocacy have been pivotal in getting legislation like the CHIPS Act passed. In February, IPC President and CEO Dr. John W. Mitchell was back in Washington, D.C., representing our industry in a meeting convened by the U.S. Department of Commerce, where he discussed workforce issues in our industry and how to ensure that our businesses have the workforce they need. In this audio interview, he reviews his concerns and solutions on workforce development.
Like any great tech industry event, IPC APEX EXPO pushes us out of our busy 24/7 manufacturing bubbles. It forces us to pay attention to things that are important but not always present in our day-to-day lives. But there is so much to see and do. This issue of PCB007 Magazine previews many of the important events taking place at the show this year and highlights some changes and opportunities. Let us help you map out your show plan. This issue is focused on the PCB fabricator’s show experience and how you can get the most from your valuable time and investment in attending the show. So, buckle up. We are counting down to IPC APEX EXPO 2024.