Volatility and Uncertainty will Continue to Influence Economic Outlook in the Early Months of 2023
COVID-19, Russia’s invasion of Ukraine, soaring global inflation rates and recession fears were major contributors to the cloud of uncertainty in 2022 and also to slower global economic growth, per IPC’s December Economic Outlook report.
Industry Demand Holding Up Despite Deteriorating Economic Outlook, High Costs Continue to Create Challenging Conditions for Electronics Manufacturers
Per IPC’s December Global Sentiment of the Electronics Supply Chain Report, over the next six months, manufacturers expect to see continued increase in both labor and material costs. Ease of recruitment and profit margins are likely to remain challenging.
North American EMS Industry Down 0.6 Percent in November
IPC announced today the November 2022 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.38.
North American PCB Industry Sales Up 26.1 Percent in November
IPC announced today the November 2022 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.00.
Industry Continues to Face High Costs; Data Suggests Mixed Cost Pressures
According to IPC’s November Sentiment of the Global Electronics Manufacturing Supply Chain report, 80% of electronics manufacturers are experiencing rising material costs, while 77% indicate that labor costs are on the rise. At the same time, ease of recruitment, profit margins, and inventory from suppliers are presently declining.
North American EMS Industry Up 14.9 Percent in October
IPC announced today the October 2022 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.29.