EMS & the Economist with IPC Chief Economist Shawn DuBravac – July 2024
Can a slowing economy reshape the future of the PCB and EMS sectors? Join me and Shawn DuBravac, Futurist and IPC’s Chief Economist, to uncover the nuances of the current economic landscape in North America. Following the release of IPC data, Shawn provides a deep dive into the gradual softening of order books and the impact of working through backlogs amidst a decelerating economy. We also venture into the political uncertainties surrounding the forthcoming US presidential election, discussing its potential ripple effects on reshoring trends.
Our conversation extends globally, analyzing the implications of anticipated interest rate cuts and the geopolitical strategies of President Trump’s running mate concerning Ukraine and Taiwan. Shawn breaks down the effects of enduring tariffs on Chinese goods, revealing how they are altering global supply chains to the benefit of countries like Mexico, Malaysia, and Vietnam. Discover the adaptive strategies of Chinese companies and the intricate dynamics of the EV supply chain spanning North America and Europe.
In the second half of this conversation we explore the role of tariffs, if and how they work, who pays, and the likelihood that they will continue after the US election, regardless of the outcome. We also touch on other economic levers available to governments, including purchase regulations for strategic markets like defense, and subsidies. This episode offers a comprehensive look at the PCB and EMS industrial landscape, as well as considering interconnected global trade policies. All providing valuable insights for businesses navigating turbulent economic waters.
Like every episode of EMS@C-Level, this one was sponsored by global inspection leader Koh Young (https://www.kohyoung.com) and Adaptable Automation Specialist Launchpad.build (https://launchpad.build).
