> ERA Quick Connections — August 2024, Vol. 1
August 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 July for the fourth consecutive month and the 20th time in the last 21 months.
The electrical equipment, appliances & components, as well as the computer & electronic products categories, reported contraction in July. Read the full report.
INDUSTRY NEWS
> From ERA’s legal partner SFBBG: Effective Jan. 1, 2024, the Corporate Transparency Act became a federal law affecting all corporations, limited liability companies, limited partnerships and other entities registered with the Secretary of State of the state of formation. All reporting entities must register their beneficial ownership with the Financial Crimes Enforcement Network (FinCEN) database before the end of this year. Read more.
> Small-business owners traditionally have used life insurance to help pass on their company to family or friends. However, after a recent Supreme Court decision, life insurance used to fund stock redemptions will result in an estate tax. Read more.
> “Change is the only constant in life.” SmartBrief presents some tips for business leaders on shifting their mindset, creating a learning culture and learning from failure — all in an effort to embrace change, not run from it. Read more.
INDUSTRY TRENDS SURVEY
The August ERA Electronics Components Industry Trends survey is now in your inbox! Check your inbox and fill out the survey today.
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
> Are you attending electronica 2024, or hope to in the future?
Mark your calendars for the next ERA LIVE, taking place Tuesday, August 20 from 4-5 PM ET, featuring a panel of industry veterans who will discuss tips and tricks to getting the most out of electronica 2024. The session will be hosted by Walter Tobin, CEO of ERA, and the panel will feature Jeff Bade of Budde Marketing Systems, Tom Griffin, CPMR, of Catalyst Unity Solutions and Mark Motsinger, CPMR, of Wallace Electronic Sales.
No registration necessary. See you there!
> Reminder: Secure your spot at ERA STEP 2024! Take a “step” up in your electronics sales career by attending this live, virtual sales training on Sept. 24-26! Sales Training for Electronics Professionals (STEP) training offers attendees nine, 75-minute sessions that provide useful tactical takeaways, best practices and key tools to succeed at sales in today’s ever-changing market. Register today.
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