> ERA Quick Connections — September 2024, Vol. 1
September 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 August for the fifth consecutive month and the 21st time in the last 22 months.
The electrical equipment, appliances & components category reported contraction in August, while the computer & electronic products category reported growth. Read the full report.
INDUSTRY NEWS
> A Texas federal judge blocked an FTC rule seeking to ban non-compete agreements nationwide. What’s next for employers? Read more.
> The U.S. will partner with India and invest in India’s semiconductor industry as part of a U.S. State Department-led initiative to redirect the global technology supply chain in its favor. Read more.
> Mastering these high-income skills can increase your business’s earning potential and growth. Read more.
INDUSTRY TRENDS SURVEY
The September 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 STEP 2024 starts in two weeks! Are you ready to take a “step” up in your electronic components sales career? View the digital brochure, the sessions, the speakers, the schedule and more! Register today.
> Registration is now open 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, and is an excellent way to connect with other chapter officers and gain ideas for recruitment, event hosting and educational sessions. 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 is now accepting reservations for ad space in the Fall 2024 issue of The Representor! ERA offers discounted rates for classified ads for ERA members and special rates for chapters as well! View rates and sizes. Reserve an ad today. Ad reservations are due by Friday, September 20. Questions about advertising? Contact Clare Kluck, ERA Communications Director, at ckluck@era.org.
ELECTRONICA
Automation is at the heart of modern industries and is driving forward the digital transformation in almost all sectors. electronica 2024, taking place in Munich from November 12-15, will present the latest developments in two of its key areas, sensor technology and connectivity. Leading companies and experts will showcase the key trends and technologies paving the way to the all-electric society, hence promoting energy efficiency and sustainability.
Programmable logic controllers play a decisive role in automating production processes. They enable companies to respond flexibly to changes in demand or technology, while at the same time ensuring the quality of the products. Thanks to their robustness, fast response times and high IT security, those digital systems make a significant contribution to efficiency and safety in industrial applications. For this global industry sector, the analysts from Mordor Intelligence project an increase from $11.75 billion in 2023 to $14.46 billion by 2028. Industry forecasts also unanimously predict an annual growth rate of over 10 percent by 2032. Particularly strong growth is expected in the Asia-Pacific region, led by China and India, where extensive investment in factory automation is taking place. Innovative sensor and connectivity solutions, like those presented at electronica, are essential for driving forward the digital transformation of industrial processes.
Sensors are the backbone of modern automation solutions. They record and process data that is essential for controlling and monitoring machines and systems. Real-time monitoring by sensors leads to optimized operations and higher productivity. Modern connectivity solutions are crucial for seamlessly integrating automation systems. In addition to a wide range of wireless standards and protocols, Industrial Ethernet is a key technology that enables real-time communication and end-to-end networking right down to field level. Single pair ethernet (SPE) offers compact solutions that transmit energy as well as data, thereby increasing efficiency in industrial applications.
Automation plays a central role in the vision of an all-electric society. By integrating intelligent systems and energy-efficient processes, automation helps optimize energy consumption and promote sustainable technologies. Under this year’s motto, “Leading the way to the All-Electric Society,” electronica 2024 will showcase corresponding solutions such as intelligent energy management systems that support the transition to a sustainable future.
In the supporting program, the Embedded Platforms Forum on November 12 and 13, and the Industrial Control Forum on November 14 (Hall C5), in particular, will be an indispensable meeting place for all players in the industry, from developers and product managers to device and system manufacturers. Here they can find out about the latest developments in the field of automation, connectivity and sensor technology, share expertise and expand their network.
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