The global coronavirus has upended many of the metrics used to forecast supply, demand, economic activity and financial stability. Two electronics associations – the IPC and ECIA – report electronics markets are recovering, but forward momentum is decelerating.
IHS Markit has released its flash PMIs for August:Results vary by country, with USA, the eurozone, Germany and the UK showing large increases (chart 1)USA rose from 50.9 to 53.6 (chart 2), the eurozone from 47.4 to 51.8 (chart 3) and Germany from 51 to 53 (chart 4)France declined slightly (chart 5) and Japan remained in contraction (below 50) despite a higher PMI than July (chart 6)
New study reveals minority-owned suppliers are showing greater financial stability and resiliency than non-minority owned businesses during the global pandemic.
As they continue to manage the impacts of the global pandemic and prepare themselves for the post-COVID world, supply chain leaders are integrating more technology into their global networks, according to a new report from Gartner Research.
TOKYO — Chinese companies are continuing to expand their presence in the race for dominance in global high-technology markets with a boost from robust domestic demand, according to a Nikkei survey. China is now chasing the U.S. after topping Japan in the number of sectors in which it has taken top market share.
IPC, the global electronics manufacturing association, applauds leaders in the U.S. Senate and House for approving IPC-backed measures that will bolster the resiliency and security of the U.S. defense electronics industrial base.
The nation’s leading manufacturing index surged to a 14-month high in June, rebounding by 9.5 percent into expansion territory. The Institute for Supply Management’s PMI reached 52.6 percent last month from a level of 31.8 percent in May.
This year has seen one of the worst financial crises since 1929, the Wall Street Crash. The economy has seen a rough start to 2020, with thanks to COVID-19 causing mass disruption for manufacturers globally and over 437,000 deaths within seven months. Same as all major industries, the electronics sector has been substantially affected by the virus in all divisions including events, manufacturing, supply chain and staffing. With COVID-19 grinding spending and production to halt, official data shows that China’s economy suffered a sharp decline of 6.8% in the first quarter of 2020, according to Business Leader. However, from this date onwards, the global economy looks as if it is starting to bounce back – along with the electronics industry.
Companies are beginning to understand that agility is not some vague virtue. Agility has specific goals, and there are specific processes for achieving those goals. We recently spoke with Yole CEO Jean-Christophe Eloy, the CEO of Yole Développement (Lyon, France), about what being agile actually entails.
The Global Manufacturing Purchasing Managers index rose from 39.6 in April to 42.4 in May (chart 1). While this was an improvement, keep in mind that a PMI <50 is still in contraction territory. The rate of manufacturing decline has slowed but manufacturing activity is far from true growth (PMI=50).
(Reuters) – A bipartisan group of U.S. lawmakers on Wednesday introduced a bill to provide more than $22.8 billion in aid for semiconductor manufacturers, aiming to spur the construction of chip factories in America amid a strategic technology rivalry with China.
Atlanta – In its latest survey of ECIA members across the electronics component supply chain, ECIA found renewed optimism for industry sales in June compared to May 2020. Based on a detailed monthly survey, ECIA has developed a top-level index showing relative estimates for electronic component sales in the current month compared to the prior month and expectations for the coming month compared to the coming month.