Global Political Turmoil Creating Uncertainties for the Industry


Reading time ( words)

One of the most fundamental truths about human beings generally, and business specifically, is that we crave certainty. When we are optimistic about growth and the business environment, we are more likely to invest in people, equipment, and innovation. But when uncertainty rears its head, we become cautious and postpone our dreams.

From where I sit, representing the interests of electronics manufacturers and related companies around the world, I regret to say that the future of our industry—while bright overall—is fraught with uncertainties, from trade policy disputes to government leadership turnovers and economic and social megatrends. IPC is working with all governments and parties to overcome these uncertainties, but there is a lot to tackle.

The Future of Major Trade Policies in Doubt

Let’s start with the future of international trade. The electronics industry is characterized by a complex, integrated web of supply chain relationships that create jobs in all regions of the world. About 80% of IPC members are small- and medium-sized businesses with specialized niches and relatively thin profit margins.

But while electronic products and services are at the heart of almost all key industries—from defense and aerospace to automotive, information and communication technologies (ICT), manufacturing, retail, healthcare, and more—many policymakers don’t seem to realize the importance of keeping those supply chains open.

To read this entire article, which appeared in the October 2019 issue of SMT007 Magazine, click here.

Share

Print


Suggested Items

Matt Stevenson on Sunstone Circuits' Current Operations

03/25/2020 | Nolan Johnson, I-Connect007
Nolan Johnson speaks with Matt Stevenson, VP of marketing at Sunstone Circuits, who shares an update on the company's current level of business operations under COVID-19 restrictions. Stevenson confirms that Sunstone Circuits is fully operational and classified as an essential business.

Foundations of the Future: Get More Engaged in 2020

01/22/2020 | Charlene Gunter du Plessis, IPC Education Foundation
Since the inception of the IPC Education Foundation in January 2019, the mission remains to create connections between electronics manufacturers and supply chain companies, academia and the emerging workforce. In this debut column, Charlene Gunter du Plessis describes plans for engaging in 2020, including scholarships and more, and the IPC APEX EXPO 2020 STEM Student Outreach event.

CyberOptics Sensors: So Good That Their Rivals Use Them

12/20/2019 | Real Time with...productronica
Editor Nolan Johnson and Subodh discuss CyberOptics’ latest precision 3D systems, such as the SQ3000, which offers AOI, SPI and CMM functionalities. The inline CMM system includes top-of-the-line software for metrology grade measurements of critical points. Subodh points out that some of his competitors even utilize CyberOptics sensors in their equipment.



Copyright © 2020 I-Connect007. All rights reserved.