https://cdn.pcbdirectory.com/news/electronicns_637932949142220147.jpg712370
As per IPC's July Global Sentiment of the Electronics Supply Chain Report, nine in 10 electronics manufacturers surveyed are currently experiencing rising material costs, while four-fifths are experiencing rising labor costs. Eighty percent of respondents reported they have increased pricing due to higher material and labor costs. Supporting data from IPC’s July Economic Report indicate forces exerting pressure on the global economy, and conversely, the electronics manufacturing industry: growing recession uncertainties, higher gasoline and food prices, geopolitical uncertainties, and China COIVD policies and lockdowns exacerbating supply chain disruptions.
“Other risks remain acute,” said Shawn DuBravac, IPC chief economist. “Inflationary pressures remain historically high in many parts of the world. While supply chains appear to be improving, pricing pressure remains stiff. This is hurting profitability for many businesses but also leading both businesses and consumers to hold off purchases in hopes that prices will normalize. Moreover, higher prices for things like gasoline are crowding out other purchases consumers and businesses might make. How these forces will evolve in the coming months adds to the long list of uncertainties around the globe that will continue to dominate the near-term outlook.”
Additional survey results from the global sentiment report indicate:
IPC surveyed hundreds of companies from around the world, including a wide range of company sizes representing the full electronics manufacturing value chain.
Click here to learn more about the July Economic Report.
Click here to learn more about "Current Sentiment about the Global Electronics Manufacturing Supply Chain."
Explain your requirement *
Our Newsletters keep you up to date with the PCB Industry
Our Newsletters keep up to date with the PCB Update
By signing up for our newsletter you agree to our Terms of Service and acknowledge receipt of our Privacy Policy.
Note: File Size should be less than 10MB.
Create an account on PCB Directory to get a range of benefits.
Login to PCB Directory to download datasheets, white papers and more content.
By creating an account with us you agree to our Terms of Service and acknowledge receipt of our Privacy Policy.
OR