April 2024, Volume 2
MONTHLY POS REPORTS
February 2024 showed typical trending for the month, with activity being down 3-4 percent from January. However, February is slightly up from November and December 2023. When comparing to February 2023, POS is down about 6 percent.
POS sales continues to show a flattening of activity. Our prediction for 2024 remains the same, which is a very slight increase over year end 2023 POS — somewhere around 3 percent. We expect an uptick for March POS if previous years are an indication. After March numbers are available, we will be able to show a first quarter comparison and predict more solid numbers for the year.
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INDUSTRY NEWS
> How AI will transform the wearables market — read more.
> Business owners, here are four ways to ensure employee recognition hits the mark. Read more.
> Global electric vehicle sales are trending upward, but the market is top-heavy: 60 percent of those sales are in China, with 25 percent in Europe and just 10 percent in the U.S., reports Axios. Read more.
INDUSTRY TRENDS SURVEY
The April ERA Electronics Components Industry Trends survey is now closed.
Please note: ERA sends this survey monthly to one contact from each ERA member firm via email. Please be on the lookout for this survey in your email inbox. The email will come from no-reply@mail.client.edgewaterresearch.com. If you have questions about who the survey contact is for your organization, or would like to change this contact, please email Edgewater Research.
Help us make this survey a valuable resource for you and the rest of our members by taking 5 minutes to complete this each month. The results are visible only to ERA members and gives us a great cross-section of what our members see on the horizon for the near and long term.
VIEW SURVEY RESULTS
ERA NEWS
> ERA is ready to see you all at the EDS Summit in one month at Resorts World in Las Vegas! ERA’s Business and Hospitality Center will be located in the EDS Connections Cafe, which will be in the Lily Ballroom, Level Two at Resorts World. Make ERA your first stop to pick up your ERA Member ribbon, say hello to colleagues and ERA staff, and pick up an EDS Lines Available Bulletin. Use the ERA Business Center for small meetings, refreshments, networking and recharge time!
> Mark your calendars for the next ERA LIVE, taking place Wednesday, May 15, where ERA Legal Counsel and SFBBG attorneys Adam Glazer and Adam Maxwell will give an overview of the new rep contract agreement that will be introduced shortly for ERA rep members!
Reps, learn the nuances of the updated rep agreement template and how to advocate for issues that are important to you. Manufacturers, learn the issues that reps are concerned about today. It is a two-way communication and negotiation! Note: This session is open to all, but it will be most valuable to reps and manufacturers.
> Manufacturers: Submit your entry for the 2024 EDS Lines Available bulletin to showcase your company product line to all ERA member firms and member reps visiting the ERA Business and Hospitality Center at the EDS Summit. (Note: You do not need to attend EDS to be included in the Lines Available bulletin.)
ERA member manufacturers, submit your complimentary entry HERE.
Non-members, submit your entry for $100 HERE.
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