July 2020, Volume 1
Manufacturing Data Reports
Manufacturing data reports from the Institute for Supply Management (ISM) are released on or about the first of every month and can be accessed at ISM. The July 1 report says economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction. Also, of the 18 manufacturing industries included in the report, the computer and electronic products sector was one of 13 industries reporting growth in June.
Worldwide sales of semiconductors reached $35 billion in May 2020, an increase of 5.8 percent from the May 2019 total of $33 billion and 1.5 percent more than the April 2020 total of $34.4 billion, the Semiconductor Industry Association (SIA) reported. Read more at DesignReuse.
The NAND Flash market showed a short supply in the first half of 2020 due to rising demand for cloud services and distance education, as well as increased inventory procurement by some clients concerned with a possible breakage in the supply chain. SSD currently dominates NAND Flash demand, while demand from the eMMC, UFS and wafer markets, which are related to smartphones and consumer electronics, remains relatively sluggish. Read more at Evertiq.
The global smartphone market will experience an overall decline of 11.9 percent year over year in 2020, with shipments totaling 1.2 billion units, according to the International Data Corporation (IDC). Smartphone shipments will likely not return to growth until the first quarter of 2021. Read more at RCRWireless.
Worldwide spending on the Internet of Things (IoT) will reach $742 billion (8.2 percent growth year over year) in 2020, down from 14.9 percent growth forecast in November 2019. However, global IoT spending is expected to return to double-digit growth rates in 2021 and achieve a compound annual growth rate (CAGR) of 11.3 percent over the 2020-2024 forecast period. Read more at BusinessWire.
Before the COVID-19 pandemic, nearly every industry resisted moving to virtual sales. Today, companies have had to adapt to virtual selling, writes Marcus Sheridan, who shares practical approaches to making the sales process easier for both customers and salespeople. Read more at IMPAT.
The ERA Conference Committee revealed the theme — “Stronger Together: Reconnecting & Reinventing for Success” — of the 2021 ERA Conference, scheduled Feb. 28 – March 2 at the AT&T Executive Education and Conference Center in Austin, Texas. “The 2021 ERA Conference could possibly be the first time when reps, distributors and manufacturers are together again,” said 2021 Committee Chair Craig Anderson, CPMR, President of Sumer Inc. “The theme, ‘Stronger Together: Reconnecting and Reinventing for Success,’ will focus on how reps, distributors and manufacturers can re-tool to bring value to our customers as the sales role is transformed. As such, the conference committee is crafting a conference that will be beneficial to any firm operating a sales team in the electronics market today.” Read more at ERAConference.
The next ERA Water cooler will be held on Tuesday, July 14 at 4:00 p.m. EDT. The upcoming teleconference will feature an open mic session facilitated by Walter Tobin, ERA CEO. Attendees are invited to submit questions or discussion topics in advance to firstname.lastname@example.org or during the live session. For login information or to listen to past Water Cooler sessions, visit ERAWaterCooler.
ERA Chapters are continuing to plan virtual and in-person chapter events to keep members, connected, engaged and in the know. For more information and up-to-date chapter activities, visit ERAChapterEvents.
ERA is committed to sharing important information related to the COVID-19 crisis and the electronics industry. For current coronavirus relief business resources, articles and websites, visit OurERA.