June 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 May for the second consecutive month and the 18th time in the last 19 months.

The computer and electronics products category reported contraction in May. Read the full report.

INDUSTRY NEWS

> The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6 percent this year based on the continued strength of the U.S. economy, reportsABC News.

> Fortune reports that even with all the money flowing into semiconductor manufacturing in the U.S. from the Chips and Science act, the U.S. is still lacking at least 67,000 skilled labor workers in the chips manufacturing sector.

> The U.S. Small Business Administration (SBA) plans to introduce government-backed credit lines of up to $5 million for small businesses and other changes, with the aim of attracting more lenders and borrowers, reports CNBC.

INDUSTRY TRENDS SURVEY

The June 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. 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.

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 is proud to announce the Conference Chair, Vice Chair, and Committee Leaders for the 2025 ERA Conference, taking place Feb. 23-25, 2025 in Austin, Texas! The Conference Committee will be chaired by Jeff May, president, Logix Sales & Marketing, and will be vice chaired by Perry Thornton, president, Pinnacle Marketing. For a full roster of committee leaders and more information, read the full press release.

> Mark your calendars for the next ERA LIVE, taking place next Tuesday, June 18, where Mark Wachtel, president, SJ Associates, and a panel of SJ Associates “Zillenials” (millenials + Gen Z) will give an overview on hiring Zillenials and effective practices in training and retaining these early career professionals.

As Millennials and Gen Z now make up 50 percent of the global workforce, creating a hiring strategy that acknowledges their potential and values their goals is key for businesses looking to achieve growth. It makes good business sense not only to take this large portion of the workforce seriously, but also to acknowledge that will be essential in attracting customers in their peer group.

> ERA is excited to announce it has added a new service provider, G&G Creative Services, to its list of Recognized Resource companies. G&G Creative is a women-owned agency in New York City that specializes in digital transformation for businesses across the country of all sizes. G&G creates impactful brands, websites, email and marketing campaigns, and offers a suite of digital products like managed hosting, website policies, ADA compliance and ongoing technical support. Find out more about G&G Creative Services. Read the full announcement.

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