October 2024, Volume 1

MANUFACTURING DATA REPORTS

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 September for the sixth consecutive month and the 22nd time in the last 23 months.

The electrical equipment, appliances & components category, as well as the computer & electronic products category, reported contraction in September. Read the full report.

INDUSTRY NEWS

> Global semiconductor sales are up 20.6 percent to a record $53.1 billion, reports the SIA, as geopolitical tensions between the U.S. and China remain. Read more.

> The Small Business Administration (SBA) announced a rule change (effective Nov. 14) to its 504 Loan Program. The SBA says it will help business owners lower costs by streamlining access to debt refinancing so they can reduce payments and access more affordable capital. Read more.

> Burnt-out managers negatively impact team success by passing on their stress to their teams, leading to poor decision-making and reduced productivity. How can managers build resilience? Read more.

INDUSTRY TRENDS SURVEY

The October ERA Electronics Components Industry Trends survey is now in your inbox! Check your inbox and fill out the survey today.

View Monthly Survey Results (available to ERA members only)

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. 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.

VIEW SURVEY RESULTS

ERA NEWS

> ERA proudly introduces “Why Choose a Manufacturers’ Representative?” — a new video resource that promotes the five key advantages that manufacturers’ reps provide to a principal. We encourage our members to share this video with your principals and customers, or even embed the video in your own website!

> There is still time to register for ERA’s annual Chapter Officers Leadership Training (COLT) program, taking place virtually this fall from Nov. 6 – 8! COLT offers interactive instruction to current or aspiring leaders, focused on effective chapter management and planning tactics. There’s no registration fee! Know of a promising candidate for a leadership role in your ERA Chapter? If so, please forward this invitation onto them and encourage them to attend! View more information about COLT and register today.

ERA offers a few benefits to its members you may not know about, including a bulletin board for open job positions and acquisitions and mergers, an industry dictionary of acronyms, abbreviations and terminology, sales training video archives for purchase, industry survey results, and a white paper library! Take advantage today.

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