Beyond the Board: Early Engagement Means Faster Prototyping for Defense Programs
Defense Speak Interpreted: The Autonomous Plane Battle—Skyborg Vs. Loyal Wingman
American Made Advocacy: Congress Back from Break With Work To Do
IPC Releases May 2024 Global Sentiment of the Electronics Supply Chain Report
May 16, 2024 | IPCEstimated reading time: 1 minute
Sentiment among electronics manufacturers fell this month, after hitting a new high in April. Despite the decline, sentiment remains historically high according to IPC’s May Sentiment of the Global Electronics Manufacturing Supply Chain Report.
When asked about PCB and EMS sales revenue growth/decline, electronics manufacturers more likely expect PCB and EMS sales revenue to increase in the United States in 2024 when compared to other regions. On average, electronics manufacturers anticipating a 2024 increase in either PCB or EMS sales revenue expect the percentage to range from 8 percent to 11 percent across all regions, while those anticipating a decrease in either PCB or EMS sales revenue believe the range will be between -8 percent and -12 percent year-over-year.
Regarding outlook for next six months, electronics manufacturers expect labor costs to come down slightly, while material costs are expected to remain relatively stable. Although ease of recruitment is expected to remain challenging, profit margins are predicted to improve considerably over the next six months, along with capacity utilization, shipments, and orders.
Additional survey data show:
- Cost pressures rose this month, after a record low last month: The Labor Costs Index rose three points this month and the Material Costs Index increased four points.
- Industry demand eased this month: The Demand Index slipped three percent this month. Both the New Orders Index and the Shipments Index fell five points this month.
- Orders, shipments, profit margins, and capacity utilization are expected to rise over the next six months, while labor costs are expected to decline.
- Orders are expected to rise more so among manufacturers in APAC when compared to those in North America and those operating globally.
These results are based upon the findings of IPC’s Current State of Electronics Manufacturing Survey, fielded between April 15 and April 30, 2024.
Read the full report here.
Share on:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
Waldom Electronics Announces 2024 ESG Award Winners
10/24/2025 | BUSINESS WIREWaldom Electronics is proud to announce the winners of its 2024 ESG Awards, presented during the annual Waldom Dinner held ahead of the ECIA Executive Conference earlier this week.
Universal Display Corporation Announces Recipient of Inaugural Sherwin I. Seligsohn Innovation Award in Organic Electronics
10/24/2025 | BUSINESS WIREUniversal Display Corporation (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced the recipient of the inaugural Sherwin I. Seligsohn Innovation Award.
Taiwan Excellence Makes Its SEMA Debut
10/24/2025 | PRNewswireAs the global automotive industry accelerates toward electrification and intelligence, Taiwan Excellence makes its debut at the world's largest aftermarket stage, SEMA Show 2025, spotlighting next-generation automotive innovations in Edge AI, ADAS, and Sensor Fusion.
Aegis Software Expands its Presence in France and Partners with STPGroup
10/24/2025 | Aegis SoftwareAegis Software a global provider of manufacturing execution and operations software for diverse manufacturing industries, announced that it has signed a partnership with STPGroup to expand its support of the French electronics market. STPGroup, specializes in the distribution, manufacture and integration of industrial production equipment, and will become a representative of Aegis’ FactoryLogix MES Platform in France.
Dow Reports Q3 2025 Results
10/24/2025 | DowDow reported third-quarter 2025 net sales of $10.0 billion, down 8% year-over-year, as the company continued to advance cost reduction initiatives and operational improvements amid challenging market conditions.