October 2023, Volume 2
MONTHLY POS REPORTS
Our base point of January 2021 saw the COVID-19 pandemic beginning to lose steam, resulting in a significant rebound in POS activity. Due to strong growth in 2022, there is the good probability that we will see a slowdown of POS activity in 2023. Outside influences will also affect 2023, including supply chain issues and inflation.
August 2023 bounced back nicely from low July POS activity. March and June are the only months with higher POS than August. However, when comparing this month with August 2022, this year is about 9 percent down from last year. Year-over-year POS indicates a 2.5 percent decrease this year versus last year. In general, POS is generally showing decent activity because 2022 was such a record year. Based on historical data, September should be a good month also.
DTAM information is available for anyone wishing to look at larger trends in the industry. For details on Budde Marketing’s services, visit BuddeMarketing.com.
> The U.S. Department of Commerce announced last week that the U.S. will ban exports of more advanced AI chips to China. Read more.
> Time reports on how the AI landscape has shifted in the past year, and where the industry could go next. Read more.
> Apple, caught off guard by the generative AI boom, will spend $1 billion to catch up to the other major industry players. Read more.
INDUSTRY TRENDS SURVEY
The October ERA Industry Trends survey is now closed and results are in!
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. If you don’t see it, check all email folders, including spam. The email will come from email@example.com.
If you have been completing the survey monthly, many thanks! Our survey is only made better by a robust and diverse universe of responding companies. 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.
> COLT — ERA’s live, virtual chapter officer leadership training program — will take place Nov. 1-3, and registration will end tomorrow, October 25! Chapter officers, or those interested in pursuing a chapter leader role, are encouraged to attend and gain creative ideas and practical knowledge about increasing member engagement and excitement in their local ERA chapter. View more information.
> 2024 ERA Conference registration is at 85 percent capacity for attendees! Want to secure your seat at the most popular industry event, and have the opportunity to network with more than 600 rep, manufacturer and distributor leaders? Do not wait. Register now! Show your support for this great event by becoming a sponsor.
FOR YOUR CALENDAR
Browse the searchable ERA Industry Calendar for upcoming national and local chapter events!