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IPC Releases December 2023 Global Sentiment of the Electronics Supply Chain Report
Electronics industry sentiment took a dip in December with New Order, Shipment, and Backlog Indices falling, with only Capacity Utilization Index holding steady. Despite the dip, overall demand sentiment remained in positive territory, per IPC’s December 2023 Global Sentiment of the Electronics Supply Chain Report.
And though materials costs continue to improve, labor costs remain a pain point. Three-fifths (58 percent) of electronics manufacturers say they are experiencing rising labor costs.
“In the December survey, IPC asked industry executives what they believed would happen to printed circuit board (PCB) demand for domestically produced PCBs if prices declined by 25 percent,” noted Shawn DuBravac, IPC chief economist. “On average, respondents predicted demand would rise by 16 percent. Notably, manufacturers in North America predicted demand would rise by 20 percent on average, higher than in both Europe and APAC.”
Additional survey data show:
For the report, 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 view the full report.
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