December 2022, Volume 2
MONTHLY POS REPORTS
Budde Marketing, which provides monthly POS Index reports to ERA members, issued its latest summary, running from January 2020 through October 2022. The index now includes more than 125 manufacturers. View the latest index.
October of 2022 was down from the previous five months, but still up by over 9 percent when comparing it to October of 2021. 2022 is at a run rate of 21 percent ahead of 2021. Of course, the beginning of last year was still in the throes of COVID-19 and reflected slower POS activity. We anticipate a good finish for the year; however, the last three months of 2022 will show a trend for POS activity moving into 2023.
For details on Budde Marketing’s services, visit BuddeMarketing.com.
> Even as inflation shows signs of easing, the Federal Reserve raised rates for the seventh time this year by another half of a percentage point. Read more.
> The semiconductor shortage: How did we get here? A2 Global Electronics summarizes these issues in one succinct timeline.
> Apple CEO Tim Cook announced that his company would be purchasing U.S.-made microchip processors from an Arizona factory owned and operated by Taiwanese company TSMC. Read more.
> ERA is pleased and honored to announce that Michael J. Long, executive chairman of Arrow Electronics, Inc. has been named the 2023 recipient of the ERA Lifetime Achievement Award. The award will be presented to Long at February’s ERA Conference in Austin, Texas, in recognition of his service to the electronics industry, manufacturers’ representatives and ERA. The Lifetime Achievement Award was created to recognize individuals who play an integral role in supporting the manufacturers’ representative model in the electronics industry. Read more.
> The 2023 ERA Conference General Session Committee has announced the Day Two general session speakers for the Conference in February. Cheryl Cran and Michael Knight will present on Tuesday, Feb. 28 – read more about these speakers and their Conference presentations here. View the preliminary Conference schedule of events.
> The ERA White Pin Internship program application deadline is Feb. 26, 2023. Get those applications in! Subsidized by the White Pin group and ERA, this program offers a manufacturers’ rep a chance to hire a rising college junior or senior as a summer intern. This is a fantastic opportunity for the intern to gain hands-on experience in the electronic component sales industry AND a great chance for rep companies to train and teach a potential hire. Read more about the program and apply today!
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