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.
IPC recently convened a roundtable of electronics executives to discuss trends driving the industry’s migration to the factory of the future. The executives came to a shared conclusion that the transition to the factory of the future features many challenges and pitfalls but making the transition will be increasingly critical to any company seeking to compete in the global economy. A summary of the discussion is now available: “The Evolution of Factories of the Future: What You Need to Know.”
IPC has partnered with German-based in4ma to better support standards, education and advocacy needs for the growing EMS industry in Europe. Formed by Dieter G. Weiss in 2015, in4ma has been a leading market research and industry analysis consulting company supporting the 45 billion Euro EMS industry.
In conjunction with electronica 2022, IPC hosted its popular IPC Hand Soldering Competition World Championship in Munich, Germany November 15, 2022, welcoming 10 competitors from across the globe.
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.
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.
IPC/WHMA-A-620E, Requirements and Acceptance for Cable and Wire Harness Assemblies prescribes practices and requirements for the manufacturing of cable, wire, and harness assemblies, and describes materials, methods, tests, and acceptability criteria for producing crimped, mechanically secured, and soldered interconnections, and the related assembly activities associated with cable and harness assemblies.
For the first time, the IPC Board of Directors will include an IPC student member with a full voting board seat, in response to increased student member involvement in IPC and the potential for student members, as the emerging workforce, to influence workforce development. Paige Fiet, president of the IPC Student Chapter at Michigan Technological University, was elected as the first IPC Board of Directors Student Member Liaison. The IPC Education Foundation (IPCEF) developed the nomination/election process with IPC Student Chapter advisors and every IPC Student Chapter member was eligible to vote.
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.
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.