February 2022, Volume 1
Monthly Data Reports
Manufacturing data reports from the Institute for Supply Management (ISM) are released at the beginning of every month and can be accessed at ISM. The latest report says economic activity in the manufacturing sector grew in January with the overall economy achieving an 20th consecutive month of growth. The computer and electronic products sector, as well as the appliances and component sector, were among the 14 industries reporting growth in January.
INDUSTRY NEWS
Intel announced in late January that it would invest $20 billion for the construction of two new semiconductor factories in Licking County, Ohio, just outside of Columbus. It is hoped the new facilities will aid in meeting surging demand for semiconductors. Intel also pledged an additional $100 million toward partnerships with educational institutions to strengthen research programs and enhance the workforce and talent pool in the region. Read more.
The Biden administration predicts that a global semiconductor shortage will persist until at least the second half of this year, Bloomberg News reported. Commerce Secretary Gina Raimondo said in January U.S. officials will investigate possible price gouging for chips used by auto and medical device manufacturers. Median inventory for semiconductors has fallen from 40 days to fewer than five days.
Gartner reports that six million electric cars will be shipped globally in 2022, in contrast to four million in 2021. Electric cars will make up 95 percent of those shipments. Greater China and Western Europe will account for the majority of those shipments.
ERA NEWS
Registration is now open for the 15 informative and interactive breakout sessions at the upcoming ERA conference. View the sessions and register. Each session is offered twice, which will allow you to attend six breakout sessions during the two-day event.
Listen to the latest ERA Talks podcast, featuring Conference Chair Bryan White and Conference Co-Chair Lori Bruno, talk about what to expect at the upcoming 2022 ERA Conference, speakers, sessions, what’s new and more.
Join the next ERA Water Cooler discussion Tues., Feb. 15 from 4:00 to 5:00 p.m. EST to explore how you can get the most out of attending the upcoming ERA Conference. Panelists Bryan White, Conference Chair, and Lori Bruno, Conference Co-Chair, will offer a preview of the Conference and discuss speakers, sessions and networking options.
FOR YOUR CALENDAR
Click here to browse the searchable ERA Industry Calendar and ERA Chapter Events listings!
