Electronics Manufacturers Feel Impact of Coronavirus Disruptions
A majority of electronics manufacturers and suppliers expect business operations to be “back to normal” by July 2020.
According to a recent IPC survey, electronics manufacturers continue to feel the impact of COVID-19 on their businesses. Companies experiencing supply disruptions report they expect five-week shipment delays on average. However, a majority of electronics manufacturers and suppliers expect business operations to be “back to normal” by July 2020, and 75% of all respondents expect business to be back to normal by October 2020.
“Although manufacturers and suppliers continue to be hampered by the impacts of the coronavirus, most companies do not intend to make major cuts in capital expenditures which suggests companies anticipate demand returning,” said John Mitchell, IPC president and CEO. “The delays will certainly impact sales for segments of electronics manufacturing, with consumer electronics likely to be the most impacted sector, followed by industrial and automotive.”