> ERA Quick Connections – August 2023, Vol. 1
August 2023, Volume 1
MANUFACTURING 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 contracted in July for the ninth consecutive month after a 28-month period of growth — although it showed slight growth compared to the month of June.
The electrical equipment, appliances and components sector, as well as the computer and electronic products sector, reported contraction in July. Read the full report.
INDUSTRY NEWS
> There may be a shortage of copper on the horizon — what this could mean for electronics engineers and the supply chain. Read more.
> The U.S. Commerce Department announced in early August that it has received more than 460 applications for government semiconductor subsidies, as part of the CHIPS Act signed in 2022. Read more.
> How generative AI could potentially transform the automotive industry — read more.
ERA NEWS
> Registration is now open for ERA’s STEP 2023 (Sales Training for Electronics Professionals)
> COLT — ERA’s live, virtual chapter officer leadership training program — will take place Nov. 1-3, and registration is now open! 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 and register.
> ERA’s new Electronic Components Industry Trends Survey focuses on sales and booking trends, revenue growth trends, pricing outlook, book-to-bill ratios, end markets, inventory, lead times and more. We encourage ERA members to look out for this survey in your email inbox and participate! The latest survey results are now posted.
FOR YOUR CALENDAR
Click here to browse the searchable ERA Industry Calendar and ERA Chapter Events listings!
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