-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueTechnology Roadmaps
In this issue of PCB007 Magazine, we discuss technology roadmaps and what they mean for our businesses, providing context to the all-important question: What is my company’s technology roadmap?
Wet Process Control
In this issue, we examine wet processes and how to obtain a better degree of control that allows usable data to guide our decisions and produce consistently higher-quality products.
Don’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
IPC: Electronics Industry Sentiment Drops Sharply in September Following Brief August Rebound
October 1, 2024 | IPCEstimated reading time: 1 minute
Industry sentiment in the electronics sector declined significantly in September due to rising cost concerns and weakening demand according to IPC’s September Sentiment of the Global Electronics Manufacturing Supply Chain Report.
The Demand Index fell by 7.3 percent in September, with all four components of demand decreasing. The Backlog Index, already in contraction, dropped another three points, and Capacity Utilization slipped to neutral. Both the Shipment Index and New Orders Index entered contractionary territory, setting new all-time lows, indicating declining order and shipment volumes for the majority of respondents. While overall industry sentiment cooled from earlier highs, the electronics sector's outlook remained positive.
In response to special questions on the probability of a recession occurring in during the remainder of 2024 and into 2025, a minority of electronics manufacturers still see a recession as possible in 2024, a sentiment that has remained largely unchanged since February. However, manufacturers in the APAC region have grown more pessimistic about the economic outlook.
Additional survey data show:
- Three-fifths (59%) of electronics manufacturers are currently experiencing rising labor costs, with two-fifths (43%) reporting increased material costs. At the same time, profit margins, ease of recruitment, backlogs, shipments, and orders are presently declining.
- Over the next six months, electronics manufacturers expect both labor and material costs to remain high, while ease of recruitment and profit margins are likely to remain challenging.
- Orders, shipments, capacity utilization, backlogs, and profit margins are expected to rise over the next six months, while labor and material costs are expected to decline.
These results are based upon the findings of IPC’s Current State of Electronics Manufacturing Survey, fielded between August 16 and August 31, 2024.
Read the full report.
Suggested Items
Kensington Electronics Announces New Partnership with ENNOVI
10/09/2024 | Kensington ElectronicsIn the ever-evolving world of technology, partnerships play a crucial role in driving innovation and growth. Kensington Electronics, Inc. has recently announced an exciting new partnership with ENNOVI, a leading provider of cutting-edge solutions in the electronics industry.
Intersoft Electronics Establishes Services Branch in Asia Pacific
10/08/2024 | Intersoft Electronics GroupIntersoft Electronics Group announced the establishment of Intersoft Electronics Services APAC. This development perfectly aligns to the strategy of serving local markets and expanding the Intersoft Electronics Group’s global presence as a technology and services provider for civil and military CNS customers.
Foxconn Reports Strong September 2024 Revenue
10/07/2024 | FoxconnHon Hai Precision Industry Co., Ltd. (Foxconn) announced its unaudited consolidated revenue for September 2024, reaching NT$528.3 billion. This marks a 12.87% month-on-month increase and a 14.44% year-on-year growth, driven by robust performance across all major product lines.
Battling Counterfeit Electronics in Manufacturing
10/07/2024 | Nolan Johnson, I-Connect007Paul Jarski, product development manufacturing leader at Case New Holland (CNH), discusses his extensive experience with counterfeit electronics throughout his career. He highlights the challenges faced during market allocations, where counterfeit parts infiltrated supply chains and causing significant issues. Paul recounts the rigorous processes implemented to detect and prevent counterfeits, including advanced material analysis and testing. Counterfeit parts occasionally slipped through despite these measures, leading to costly and time-consuming audits and verifications to ensure product integrity and safety.
IPC Recommends Greater Focus on Electronics Needed for US-based AI Data Centers
10/07/2024 | IPCA new white paper from IPC, “AI-based Data Centers for the United States: Technologies, Supply Chains, and Resiliency Gaps,” explores the actions needed to improve the supply chain resiliency of U.S.-based artificial intelligence (AI) data centers and the electronics used in them.