September 2023, Volume 2
Our base point of January 2021 saw the COVID-19 pandemic beginning to lose steam, resulting in a significant rebound in POS activity. Due to strong growth in 2022, there is the good probability that we will see a slowdown of POS activity in 2023. Outside influences will also affect 2023, including supply chain issues and inflation.
July 2023 was significantly down, it being the lowest month of the year. The last three months aggregated were down about 8 percent when compared to the three previous months. However, that was due in part to extremely low July numbers. The first seven months of 2023 are down about 2.5 percent when compared to the same time last year. It’s too soon to draw any kind of conclusions relative to an overall slowdown for the balance of the year due to July’s low numbers. August will give us a better idea of what to expect for the balance of the year.
Please note that DTAM information is available for anyone wishing to look at larger trends in the industry. For details on Budde Marketing’s services, visit BuddeMarketing.com.
> Amazon announced the launch of Supply Chain by Amazon, an end-to-end, fully automated set of supply chain services. Read more.
> WT Microelectronics, Ltd., announces the acquisition of Future Electronics. Read more.
> The U.S. Senate continues to hold private “insight forums” with various tech leaders to address potentially implementing rules and safeguards around AI. Read more.
> ERA members: The results of August’s Electronic Components Industry Trends survey are now available! This survey covers YOUR outlook on key sales trend areas, such as bookings and backlog, end markets, inventory, lead times, pricing and overall outlook for 2023. View August 2023 results. This monthly survey is a benefit to our members to help plan for a strong year end and to give guidance for 2024. Please keep an eye out in your email inbox for the September survey. Fill it out and help ERA make this survey even better with your own company’s input!
> This year’s live STEP program will take place in three short weeks, from Oct. 17-19! Are you registered yet? Sharpen your sales skills with this virtual sales training program from the comfort of your workspace. View the digital brochure, speaker list, attendee list and agenda! Spread the word to your colleagues if they’d like to join us! We hope to see you there.
> 2024 ERA Conference registration has only been open for three weeks, and we are already at 50 percent capacity for attendees! Want to secure your seat at the most popular industry event, and have the opportunity to network with more than 600 rep, manufacturer and distributor leaders? Do not wait. Register now! Show your support for this great event by becoming a sponsor.
> ERA’s official hotel room block at the AT&T Hotel & Conference Center for the 2024 ERA Conference is already sold out. ERA has secured overflow room blocks at discounted rates at two nearby hotels. Find out more information & make reservations.
FOR YOUR CALENDAR
Browse the searchable ERA Industry Calendar for upcoming national and local chapter events!