Electronics Manufacturers Feel Impact of Coronavirus Disruptions
BANNOCKBURN, IL—Electronics manufacturers are feeling the impact of the coronavirus on their businesses, according to a recent survey conducted by IPC. Companies experiencing supply disruptions report they expect five-week shipment delays on average.
But, a majority of electronics manufacturers and suppliers expect business operations to be “back to normal” by July 2020. And, 75 percent of all respondents expect business to be back to normal by October.
“Although manufacturers and suppliers continue to be hampered by the impacts of the coronavirus, most companies do not intend to make major cuts in capital expenditures, which suggests companies anticipate demand returning,” says John Mitchell, IPC president and CEO.
“The delays will certainly impact sales for segments of electronics manufacturing, with consumer electronics likely to be the most impacted sector, followed by industrial and automotive.”