> ERA Quick Connections – April 2023, Vol. 2
April 2023, Volume 2
MONTHLY POS REPORTS
Our base point of January 2021 saw the COVID-19 pandemic begin to lose steam, resulting in a significant rebound in POS activity. That being said, due to the strong growth in 2022, there is the good probability that we will see a slowdown of POS activity in 2023. Distributor inventories have swelled and demand has begun to slow down a bit. Outside influences will also affect 2023, including supply chain issues, inflation, the Ukraine/Russia conflict, etc.
February 2023 dipped slightly from January, down about 3 percent from the previous month. This is typical, due to fewer days in the month of February. However, February 2023 was up 6 percent from February 2022, and continues to perform way above the basepoint of our index of January 2021, when we were just starting to see a bounce back from the impact of the pandemic. We always see a spike in March numbers so it will be interesting to see what next month will bring. We continue to believe that we will see a slight slowdown for the year. View the report.
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> The European Union has reached a provisional agreement on the Chips Act, an initiative hoped to increase the EU’s global market share in semiconductors from 10 percent to at least 20 percent by the year 2030. Read more.
> Microsoft is reportedly working to build its own AI chips that can be used to train large language models, in a suspected effort to decrease purchasing reliance on AI server chip giant Nvidia. Read more.
> The “golden age of connectivity” will provide the electronics industry opportunities for years, writes a TTI business development leader. Read more.
> We hope to see you at the EDS Summit in three weeks! Be sure to stop by the ERA Business & Hospitality Center in the Grand Ballroom of the Mirage where you can relax, connect with colleagues, charge your devices and enjoy coffee and snacks. Ask ERA staff about becoming a member, or ERA member perks such as ERA SearchLink.ai, the HoverMap or STEP training. See you there!
> ERA proudly announces the recipients of the 2023 Mark Motsinger White Pin summer internships. The rep firm recipients and interns are: Imad Hankour (UMASS-Lowell) interning at JEBCO in Nashua, N.H.; Dylan Phillips (Worcester Polytechnic Institute), interning at TAARCOM in Santa Clara, Calif.; and Liam Liburdi (Michigan State University), interning at C C Electro Sales, Inc., in Detroit, Mich. Congratulations! Read the full press release.
> Search. Find. Win. ERA SearchLink.ai is a customized search engine for the electronics industry, allowing you to find prospecting opportunities, engineers, decision makers, job seekers and industry news with a few clicks. If you missed ERA’s virtual demonstration of this exciting new tool a few weeks ago, it is available for viewing. Register your company for ERA SearchLink.ai today!
> ERA announces the formation of the ERA Manufacturer Executive Council, which held its inaugural meeting in March 2023. The Council hopes to collaborate and discuss shared values in order to be able to put forth action items to ERA manufacturer members in the future. Read the full press release.
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