March 2024, Volume 2

MONTHLY POS REPORTS

January 2024 was up from November and December 2023 by 5 to 8 percent, but slightly below January 2023 by 2 percent. Our new base point of January 2022 began to reflect post-COVID-19 industry trends and a return to normal and even a bit stronger than normal POS activity.

After reviewing the past several months, we are seeing a flattening of POS sales growth, making our prediction for 2024 to reflect a slight increase over year-end 2023 POS, somewhere around 3 percent. That being said, we will have a better indication of what’s in store for the year after we complete the first quarter of 2024.

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

INDUSTRY NEWS

> According to the S&P Flash U.S. Manufacturing Output Index, the manufacturing sector is showing solid signs of health. Manufacturing production in the past month increased at the fastest pace in 22 months. The Flash U.S. Manufacturing PMI hit 52.9, a 21-month peak. Results were driven by substantial improvements in output, new orders and employment. Read more.

> Two mines in North Carolina are the world’s only producers of the quartz necessary for semiconductor manufacturing, reports TechSpot. Read more.

> Small businesses that want to grow into medium-sized businesses need to consider these factors and take these actions — from Forbes. Read more.

INDUSTRY TRENDS SURVEY

The March 2024 ERA Electronic Components Industry Trend Survey is now closed.

View results from February 2024!

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. The email will come from no-reply@mail.client.edgewaterresearch.com. 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! This survey is only made better by a robust and diverse universe of responding companies. Help make this survey a valuable resource for you and the rest of ERA membership by taking 5 minutes to complete this each month. The results are visible only to ERA members and provides valuable insight into what ERA members see on the horizon for the near and long term.

VIEW SURVEY RESULTS

ERA NEWS

> ERA is now accepting reservations for ad space in the Spring 2024 issue of The Representor! This issue will be bonus-distributed at the 2024 EDS Summit and will feature a special EDS advertising insert in the middle of the magazine. ERA is once again offering special discounted ad rates for this EDS special section for members! View rates and sizes. Reserve a special EDS section ad today. Ad reservations are due by Friday, March 29.

Questions about advertising? Contact Clare Kluck, ERA Communications Director, at ckluck@era.org. 

> ERA LIVE is back in session! Join us on Monday, April 15 at 4 PM EDT as presenter Sam Richter, CSP, CSAE, helps ERA debut SearchLink.ai 2.0 — with new feature ERA GPT! Richter will also give a review of SearchLink.ai as a whole and how best to customize it to your company’s needs. There will be time for an attendee Q&A. Mark your calendars and read more information about SearchLink.ai.

> Manufacturers: Submit your entry for the 2024 EDS Lines Available bulletin to showcase your company product line to all ERA member firms and member reps visiting the ERA Business and Hospitality Center at the EDS Summit. ERA member manufacturers, submit your complimentary entry HERE. Non-members, submit your entry for $100 HERE.

Advertise in this e-newsletter and reach 3,500 industry professionals!

Find out more.

Follow Us!