> ERA Quick Connections — August 2023, Vol. 2

August 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.

June 2023 was up significantly and helped to make the quarter and first half of the year bounce back somewhat. June was the second best month of the year, with only March being ahead of June. However, when comparing POS sales against the last quarter, Q2 was down slightly versus Q1 of this year. Semiannual sales versus last year’s first half of the year are also flat.

Please note that Budde Marketing’s DTAM is available for anyone wishing to look at larger trends in the industry. Read the report.

For details on Budde Marketing’s services, visit BuddeMarketing.com.

INDUSTRY NEWS

> The Harvard Business Review reports on how companies should strategize “re-skilling” in the age of AI. Read more.

> Electronics Sourcing reports how independent distributors are managing surplus inventory, offering financial solutions and helping reduce costs post-pandemic. Read more.

> Semiconductors intended for running artificial intelligence (AI) workloads will generate a $53.4 billion revenue opportunity for the semiconductor industry in 2023, a 20.9 percent increase from 2022, reported a Gartner, Inc. study. Read more.

ERA NEWS

> Join us for the next ERA LIVE on Tuesday, Sept. 12 at 4 PM ET, where ERA staff will guide attendees through what’s new at ERA! Hear from us first-hand all the exciting new member services and improvements made at ERA in the past year. No registration required. Read more information and access log-in details.

> Attendee and sponsorship registration are now open for the 2024 ERA Conference! We hope to see you all back in Austin, Texas next February. The 2023 Conference was a sell-out event, and we are expecting another sell-out event this year. If you want to secure your seat, do not hesitate to register! View a preliminary schedule or hotel information.

> ERA announces long-time industry veteran Michael Calabria will join ERA as an Expert Access Consultant and will be involved in STEP and ERA Conference initiatives, as well as be available to ERA members for consulting services. Read more.

FOR YOUR CALENDAR

Click here to browse the searchable ERA Industry Calendar and ERA Chapter Events listings!