manufacturing, growth, revenue, profit

Manufacturers Expect Revenue & Profit Boost in 2020

U.S. manufacturers are surprisingly upbeat about their prospects in 2020, anticipating growth in revenue, profitability, imports and exports. The outlook isn’t so positive for employment and capital expenditures, which will remain flat or decline next year, according to the Institute for Supply Management’s semiannual forecast. Manufacturers expect revenue will grow 4.8 percent next year –…

steel, tariffs, contracts

U.S. Manufacturing Contracts as Steel Tariffs Loom Large

 The U.S. manufacturing index contracted for the fourth straight month in November — just as the Trump administration resurrected steel and aluminum tariffs on Argentina and Brazil. Global trade issues, according to the Institute for Supply Management, remain the top cross-industry concern for America’s manufacturers as the year ends.  The ISM’s PMI dropped by 0.2…

women, electronics, leadership

Women in Electronics: Advocates for Professional Development

Non-profit advocacy group Women in Electronics (WE) was formed in 2017 to empower women through networking opportunities; develop them through a virtual leadership program; and celebrate their successes along the way. The organization recently wrapped up its third annual leadership conference and now has 300 members. Jackie Mattox, founder and president of WE and national…

Will a Third Huawei Extension Matter to U.S. Tech?

The U.S. Department of Commerce has again extended the temporary general license (TGL) allowing U.S. tech companies – such as Intel, Micron, Qualcomm and Xilinx — to sell components to Chinese networking giant Huawei Technologies. This is the third such extension since the U.S. government, citing security concerns, added Huawei to its “Entity List” in…

Kemet, Yageo, merger, IP&E

Yageo-Kemet Builds $3 Billion IP&E Powerhouse

Yageo Corp.’s $1.8 billion acquisition of Kemet Corp. will unite two leading component makers into a $3 billion powerhouse in the interconnect, passives and electromechanical (IP&E) market. The move will expand both companies’ global footprint, market penetration and product portfolios. “Together with Yageo, we will have an enhanced global footprint and be better able to…

Procurement Faces More Challenges Than Ever: Exclusive Report

Global procurement professionals are facing more challenges than ever — tariffs, trade wars, environmental regulations and patent/IP protection. Fortunately, they are up to the task. Worldwide, electronics purchasing managers have an average of 16 years on the job, according to EPSNews’/Aspencore’s first global procurement study. They work more than 40 hours a week; spend a…

manufacturing, index

Manufacturing Index Contracts for Third Straight Month

U.S. factory activity contracted for the third straight month in October as trade issues, the GM strike and global economic uncertainty plagued the market. The Institute for Supply Management’s manufacturing index registered 48.3 last month, up slightly from a 10-year low of 47.8 in September. New orders, employment and inventories all rose from September but…

How Paul Andrews Guided TTI’s Remarkable Evolution

Paul Andrews Jr. did not set out to build a global distribution enterprise. “My first objective was survival,” he half-joked. “I’d been laid off from General Dynamics. I’d worked in manufacturing, procurement, I’d done inventory control, managed production and had experience in sales. My primary goal was to make a living.” In the early 1970s,…