The Marketing Minute: Staying Positive When the Market Isn’t
Marcy’s Musings: Continuing to Invent the Future With SEL
It’s Only Common Sense: Why Failure Is an Opportunity for Growth
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
PEDC Call for Abstracts Deadline Extended to Aug. 31
08/20/2025 | I-Connect007 Editorial TeamThe second Pan-European Electronics Design Conference (PEDC) will take place Jan. 21-22, 2026, in Prague, Czech Republic. The call for abstracts deadline has been extended to Aug. 31. Organized jointly by the German Electronics Design and Manufacturing Association (FED) and the Global Electronics Association (formerly IPC), PEDC serves as a European platform for knowledge exchange, networking, and innovation in electronics design and development.
Nano Silver Inks Market Forecast Report 2025-2030
08/20/2025 | Globe NewswireThe Nano Silver Inks Market is expected to grow from USD 427.415 million in 2025 to USD 836.160 million in 2030, at a CAGR of 14.36%.
VVDN Expands Manufacturing Footprint into the UAE to Meet Global Demand
08/20/2025 | PRNewswireVVDN Technologies, a global provider of software, product engineering and electronics manufacturing services & solutions, today announced it is setting up a new manufacturing facility in the UAE as part of its global expansion strategy.
Kimball Electronics Veterans ERG Members Proudly Participate in the 5th Annual Honor and Remember Run
08/20/2025 | Kimball ElectronicsVeterans and Military Service Advocacy (VMSA) Employee Resource Group (ERG) members Michael Mosher (Database Administration Engineer), Michael Stone (Test Technician Team Lead), and Joshua Belcher (Application Development Manager) took part in the 5th Annual Honor & Remember Run, a meaningful event dedicated to honoring fallen service members. The race featured a powerful memorial wall constructed from dog tags.
Meet Incap UK at the Electronic Component Show 2025
08/20/2025 | IncapIncap UK is pleased to be exhibiting at the Electronic Component Show 2025. This one-day event will take place on 18 September at the Kassam Stadium in Oxford, bringing together design engineers, purchasing professionals, manufacturers, distributors, and service providers to discover new products, solutions, and contacts. You will find us at stand 52.