Electronics industry wrestles with cost pressures and weaker profitability - Electronic Products & Technology

Electronics industry wrestles with cost pressures and weaker profitability - Electronic Products & Technology

Electronics manufacturers are facing rising material and labour costs according to a June report of the electronics manufacturing supply chain from the Global Electronics Association. The material costs index is above its long-term average and has not been this high since March 2023. Despite market volatility, product demand shows resilience, rebounding as strongly from late-2024 lows. Orders, backlogs, capacity utilization and shipments are eac…