> ERA Quick Connections – May 2023, Vol. 2
May 2023, Volume 2
MONTHLY POS REPORTS
Our base point of January 2021 saw the COVID-19 pandemic begin to lose steam, resulting in a significant rebound in POS activity. That being said, due to the strong growth in 2022, there is the good probability that we will see a slowdown of POS activity in 2023. Distributor inventories have swelled and demand has begun to slow down a bit. Outside influences will also affect 2023, including supply chain issues, inflation, the Ukraine/Russia conflict, etc.
March was up significantly from January and February numbers, representing the largest POS month since March 2022. This is exactly what we predicted last month based on our years of trending analysis. However, March 2023 POS is flat when compared to March 2022, and the first quarter of this year is ahead of last year by approximately 2 percent. It appears as though everything is progressing as expected.
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> There is enormous possibility for AI tools to transform and grow the industrial B2B sector. Read more.
> The U.K. government has committed $1 billion to semiconductors over the next decade. Read more.
> In China’s first major move against a U.S. chip producer, the country banned Micron chips from being used in key Chinese infrastructure projects. Read more.
> ERA is now accepting advertising requests for the Summer 2023 issue of The Representor! Submit your ad request online by Friday, June 2. This issue will be mailed and delivered digitally to approximately 3,500 qualified rep, manufacturer and distributor industry members. Questions? Email Clare Kluck, ERA Communications Director.
> If you did not attend ERA Virtual Sales Training (now called STEP — Sales Training for Electronics Professionals — in 2021 or 2022, past training recordings are now archived and available for purchase HERE. These are great for new employees or a refresher for your current team! Save the date for live, virtual STEP training, which will take place Oct. 17-19.
> Search. Find. Win. ERA SearchLink.ai is a customized search engine for the electronics industry, allowing users to find prospecting opportunities, engineers, decision makers, job seekers and industry news with a few clicks. Learn more about SearchLink and register your company for ERA SearchLink.ai today!
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