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> ERA Quick Connections – January 2024, Vol. 1

January 2024, Volume 1


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 December for the 14th consecutive month after a 28-month period of growth.

The electrical equipment, appliances and components sector, as well as the computer and electronic products sector, reported contraction in December. Read the full report.


Manufacturing employment news: Overall, hiring was sluggish in 2023 among manufacturers, with a net 12,000 workers added, following robust gains in 2021/2022. Manufacturing employment has remained resilient, though, hovering near 13 million workers in all of 2023. The average hourly earnings of nonsupervisory workers in manufacturing saw a 5.8 percent growth over the past 12 months, a 40-year high. Read more.

> Recent market trends have led to an increased rate of obsolescence in the semiconductor industry. What are some best practices to manage obsolescence? A Q&A with Shawn Bloomer of Converge, an Arrow company. Read more.

> Replacing physical connectors with contactless options is just one example of a paradigm shift happening in the world of electronics components. How can companies embrace “disruptive tech” and innovate without losing business growth? A report from Molex explores this issue: read more.


Last call for the January ERA Electronics Components Industry Trends survey! Check your inbox and fill out the short survey today.

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. If you don’t see it, check all email folders, including spam. The email will come from If you have questions about who the survey contact is for your organization, or would like to change this contact, please email Edgewater Research.

If you have been completing the survey monthly, many thanks! Our survey is only made better by a robust and diverse universe of responding companies. 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.



> The buzz about the sold-out 2024 ERA Conference is growing!

— Brent Adamson and Crystal Washington have been announced as the general session speakers on Day 2 of the Conference. Adamson will present “Creating Customer Confidence to Make the Sale” and Washington will present “The Future is NOW: Technology & Trends that will Revolutionize.” Read more.

— ERA will present Dick Neumann with the 2024 ERA Lifetime Achievement Award at the Conference. Congratulations Dick on your esteemed career and this award! Read more.

— Conference breakout sessions have been announced — these interactive and informative sessions will be the highlight of the Conference! View the sessions.


IMPORTANT EDS SUMMIT 2024 INFORMATION: The 2024 EDS Summit is relocating and the dates have been changed.

Originally set for May 13-17 at the Mirage in Las Vegas, the Summit will now take place at Resorts World Las Vegas, from Tuesday, May 21 to Friday, May 24 – a week later than initially planned. This is due to the fact that extensive renovations and expansion of the Mirage, originally slated for later in the year, have been moved up.

What does this mean? The EDS Board and planning team will be working tirelessly to make the transition as seamless as possible. Although the location will be new, you can be sure your experience at EDS will remain as rewarding as ever. Our 2024 Summit theme “Better Together” has never been more appropriate.

  • If you’ve already reserved space, we’ll reach you the week of January 15 to provide updates and modifications.
  • General registration and room reservations for the 2024 EDS Summit are expected to begin in early February. We’ll contact you very soon with all the details.
  • Because of extremely limited room availability for Sunday, May 19, attendees and exhibitors are strongly encouraged to arrive no earlier than the afternoon of Monday, May 20.

We are excited about this new chapter and look forward to welcoming you. Stay tuned for more information!

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