Electronics Manufacturers Feel Impact of Coronavirus Disruptions But Majority Expect Business to Return to Normal by Summer 2020
Electronics manufacturers continue to feel the impact of the coronavirus on their businesses. Companies experiencing supply disruptions report they expect five-week shipment delays on average. But a majority of electronics manufacturers and suppliers expect business operations to be “back to normal” by July 2020, and collectively 75 percent of all respondents expect business to be back to normal by October 2020, according to a new IPC survey on the impacts of coronavirus disruptions.
Coronavirus Expected to Cause Five-Week Product Shipment Delays, Says Electronics Manufacturing Industry
Electronics manufacturers anticipate at least a five-week product shipment delay from suppliers due to the coronavirus epidemic, according to a survey conducted by IPC, a global electronics manufacturing association. The group says shipping delays from China and other countries where the virus has spread are already having negative impacts on manufacturers.
Electronics Manufacturers Applaud U.S. Senate for Passing USMCA with Bipartisan Support
The following statement can be attributed to John Mitchell, President and CEO of IPC, the global association representing the electronics manufacturing industry:“The electronics manufacturing industry applauds the U.S. Senate for approving the U.S.-Mexico-Canada Agreement (USMCA) with broad bipartisan support. As soon as President Trump signs the legislation, which is expected within days, it will enter into force.
Electronics Manufacturers Welcome US-China Deal, Seek Further Action
The following statement can be attributed to Chris Mitchell, vice president of global government relations at IPC, the global association representing the electronics manufacturing industry:“The electronics manufacturing industry welcomes the U.S.-China "phase one" trade deal being signed today in Washington, and the pathway it offers to resolution of broader issues. The deal leaves many issues unaddressed including cyber security, structural economic reforms, and the high level of tariffs that are still in place on many products that are traded in our industry.
Electronics Manufacturers Applaud U.S. House for Passing USMCA with Bipartisan Support
The following statement can be attributed to John Mitchell, president and CEO of IPC, a global electronics industry association:“The electronics manufacturing industry is pleased that the U.S. House approved the U.S.-Mexico-Canada Agreement (USMCA) with broad bipartisan support. Now we call on Senate Majority Leader Mitch McConnell (R-KY) to bring the legislation to a successful vote in the Senate as soon as possible.
IPC Welcomes U.S. – China Phase One Deal
The following statement can be attributed to John Mitchell, IPC president and CEO: “The electronics manufacturing industry welcomes the announcement that the U.S. and China have agreed to a "phase one" trade deal bolstering enforcement of China's intellectual property laws and rolling back or postponing retaliatory tariffs on thousands of goods traded between them.