Electronics Manufacturing Outlook Continues to Darken
Among the survey results, companies report that they continue to face difficulty in finding qualified talent.
A new global survey conducted by IPC found that the global shortage of semiconductors and other components continues to have serious consequences for electronics manufacturers, leading to rising costs and higher prices. The survey also found that companies continue to face difficulty in finding qualified talent, with only 15% of respondents indicating that the situation is improving.
“Even as sales expectations for electronics manufacturers have improved, they face increases to both material and labor costs, leading to declining inventories and increasing backlogs around the globe,” said John Mitchell, IPC president and CEO. “The longer the shortage crisis continues unresolved, the more difficult it will be to overcome these compounding problems and return to normal.”