-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueAdditive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
The Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
IPC releases February 2024 Global Sentiment of the Electronics Supply Chain Report
February 16, 2024 | IPCEstimated reading time: 1 minute
Sentiment among electronics manufacturers remains positive, despite minor setbacks during January, according to IPC’s February Sentiment of the Global Electronics Manufacturing Supply Chain Report.
When asked about expectations for a recession in 2024 and 2025, industry executives believe there is a 39 percent chance of a recession in 2024 and a 34 percent chance in 2025. Notably, manufacturers in Europe report a 2024 recession would most likely begin in Q1 while those in North America believe it would likely begin in Q2.
Sixty-six percent of electronics manufacturers are currently experiencing rising labor costs, while more than 44 percent report rising material costs. At the same time, ease of recruitment, backlogs, and profit margins remain in contractionary territory.
“While the Materials Cost Index fell one point, the Labor Costs Index rose by five,” said Shawn DuBravac, IPC chief economist. “That’s the highest it’s been since August 2023.
"Electronics industry leaders foresee a 39 percent probability of a recession this year, underscoring the critical need for strategic foresight and agility,” added DuBravac. “The geographical nuances in recession expectations between Europe and North America further illustrate the complex global economic interplay affecting the electronics industry."
Additional survey data show:
- Demand remains in expansionary territory, despite slipping this month and falling one point from 103 to 102.
- The Capacity Utilization Index fell two points, while the Shipments Index dropped five points. The decline in shipments could be weather-related.
- The New Orders Index rose three points to 105, the highest level since November 2023.
- While the current view of demand weakened somewhat, the Outlook for demand improved. The increase was led by strong rises in the Shipments Outlook Index which increased by six points and the Backlogs Outlook Index which rose by five points and moved into expansionary territory.
These results are based upon the findings of IPC’s Current State of Electronics Manufacturing Survey, fielded between January 15 and January 31, 2024.
Suggested Items
Worldwide Smartphone Shipments Forecast to Recover with 4.0% Growth in 2024, Fueled by Android Growth in Emerging Markets
05/31/2024 | IDCWorldwide smartphone shipments are forecast to grow 4.0% year over year in 2024 to 1.21 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.
AST SpaceMobile, Verizon Announce Plans to Target 100% Geographical Coverage of the Continental U.S. from Space
05/30/2024 | BUSINESS WIREAST SpaceMobile, Inc., and Verizon announced a strategic partnership with a commitment of $100 million from Verizon, to provide direct-to-cellular AST SpaceMobile service when needed for Verizon customers.
TTM Technologies Unveils New Xinger High-Performance 50W (AVG) Couplers
05/30/2024 | Globe NewswireTTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies and printed circuit boards (PCBs) has announced the launch of its 5mm x 3.2mm X-Band 8-12 GHz 3dB hybrid coupler and 20dB directional coupler.
IPC Hand Soldering Competition Thailand 2024
05/29/2024 | IPCIPC’s hand soldering competitions around the world are highly popular events generating a lot of attention, participation and publicity. The competition attracts the enthusiastic participation of thousands of professionals specializing in high-reliability products within the electronics industry such as defense, aerospace/aviation, rail transportation, automotive electronics, consumer electronics, etc.
Worldwide AI Chips Revenue to Grow 33% in 2024
05/29/2024 | Gartner, Inc.Revenue from AI semiconductors globally is expected to total $71 billion in 2024, an increase of 33% from 2023, according to the latest forecast from Gartner, Inc.