Electronics supply chains are seeking balance in 2024

Electronics manufacturers are continuing to face rising labor costs, although pressures from materials costs, backlogs and ease of recruitment are lessening, according to the latest update from IPC, the global non-profit trade association for industry standards, training, industry intelligence and public policy advocacy for electronics suppliers.

The latest findings come in the association’s February sentiment report. The survey was conducted between Jan. 15 and Jan. 31. 

Overall, the monthly survey found that demand in the electronics supply chain remains in expansionary territory and new orders increased to their highest levels since November 2023. The demand outlook is positive, with the Shipments Outlook Index rising 6 points and the Backlog Outlook Index rising 5 points, an indication of expansion, IPC said.

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