November 2024, Volume 2
MONTHLY POS REPORTS
September 2024 shows basically no change relative to last month’s POS activity. September 2024 is down more than 6% versus September 2023. The last six months show no significant change month over month. However, we are charting a little more than a 4% drop from last year. Overall, POS activity is basically flat for the year, with no significant gains or losses at this time. Election years are often volatile but 2024 POS activity is remarkably consistent.
Now that the election is behind us, it will be interesting to see what impact it will have on our industry. We probably won’t see much in the next two months, but 2025 looks to probably be impacted significantly.
See the full POS report from BuddeMarketing.com.
INDUSTRY NEWS
> This week, the Biden administration announced a $6.6 billion award to TSMC for the construction of three fabrication plants in Arizona. TSMC’s plants in Arizona represent the biggest such foreign investment in U.S. history. Read more.
> The Biden administration also announced this week that Durham, N.C., will be the location for the new CHIPS Manufacturing USA Institute, a federal program to speed up development and reduce manufacturing costs for semiconductor technology. Read more.
> Chinese manufacturers are using Mexico as a backdoor to the U.S., reports the BBC. Read more.
INDUSTRY TRENDS SURVEY
The November 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. 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 thrilled to announce Nikolas Badminton, futurist speaker and best-selling author, and Melissa Dailey Fairbanks, financial analyst in the semiconductor and IT supply chain sectors, as General Session speakers at the 2025 ERA Conference in February! Read the full press release. Register for the Conference before it sells out!
> The ERA Mark Motsinger White Pin Internship program is now accepting applications for 2025! This internship program offers a manufacturers’ rep (who is an ERA member) a chance to hire a college student as an intern, with ERA and the White Pin group subsidizing a substantial portion of the anticipated internship cost. ERA aims to give out FIVE monetary awards in 2025. Deadline to apply is January 31, 2025 and awarded rep firms will be announced mid-February! Read more and apply.
> ERA offers a few benefits to its members you may not know about, including a bulletin board for open job positions and acquisitions and mergers; an industry dictionary of acronyms, abbreviations and terminology; sales training video archives for purchase; industry survey results; and a white paper library! Take advantage today.
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