Manufacturing Activity Eases Slightly in July

The pace of U.S. manufacturing growth cooled a bit in July as factories continued to struggle with labor and supply constraints. But some pressures appear to be easing: prices paid by manufacturers declined 6.4 percent between June and July, according to the Institute for Supply Management, and factory employment increased. Overall, the nation’s PMI decreased…

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Electronics Leads June Expansion Amid Supply Chain Woes

The computer and electronics industry fueled U.S. manufacturing expansion in June but continues to struggle with shortages, price hikes and logistics bottlenecks, procurement managers told the Institute for Supply Management (ISM). Components are by far the biggest challenge, one buyer said, with lead times going from 16 weeks to 52-plus weeks. “Processors are a critical…

Executives Increase Supply Chain Risk Concerns

Executives remain optimistic about the global economy at the close of Q2, but not every region is benefiting equally from Covid-19 vaccination rates and re-opened businesses. IPC has raised its outlook for the United States, Europe, Mexico, Australia and Taiwan but notes Japan, India, Indonesia and Turkey continue to struggle. A recent McKinsey survey likewise…

Factory Activity Rises Despite Supply & Labor Constraints

The U.S. manufacturing sector continued its expansion in May, but shortages of components, raw materials and labor are constraining factories’ ability to meet skyrocketing demand. “Supplier performance — deliveries, quality, it’s all suffering,” a tech executive told the Institute for Supply Management. “Demand is high, and we are struggling to find employees to help us…

Tips for Expediting the Supply Chain Backlog

There is no end in sight for global supply delays stemming from trade restrictions and transportation logjams. Demand continues to rise for U.S.-manufactured goods, but raw material and component disruptions are hindering production expansion. “Recent record-long lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to…

Manufacturing Optimism Grows for Remainder of 2021

Purchasing and supply executives expect manufacturing growth will continue for the rest of 2021 with several metrics – capacity, capital expenditures and revenue – exceeding forecasts of late 2020. There is hope that the corner has been turned on the coronavirus pandemic, according to the Institute for Supply Management, and both the U.S. manufacturing and…

April PMI: Demand Bumps Up Against Supply

Labor and supply constraints continue to limit U.S. manufacturing momentum even as demand remains robust. The nation’s leading factory index, the PMI, declined 4 percent in April, but depleted customer inventories and increasing factory backlogs bode well for the long-term health of the industry. “Recent record-long lead times, wide-scale shortages of critical basic materials, rising…

ECIA: Component & Product Demand Surges to Dramatic High

Optimism in the electronics market is surging, according to ECIA, bolstering data from a national manufacturing index that reached a 37-year high in March. The ECIA’s Electronic Component Sales Trend (ECST) monthly survey, which assesses month-to-month sales growth sentiment, leapt up between 26 and 27 points in component and end-market measures from February to March.…

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Electronics Adds to U.S. Manufacturing Surge

The electronics sector helped drive U.S. manufacturing activity to a 37-year high in March as pent-up demand emptied customers’ shelves and firmed up expectations for a widespread economic recovery. There are no signs demand will abate, according to the Institute for Supply Management, although factories will face supply and labor constraints at least through the…

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Demand Surges, Supply Tightens at U.S. Factories

Demand remains high for U.S.- made products even as manufacturers contend with price increases, labor shortages and supply constraints. The Institute for Supply Management’s PMI reached a three-year high in February to 60.8, an increase of 2.1 percentage points from the January reading. Signs for future demand remain strong, but supply chain pressures are unlikely…