HELSINKI, FINLAND -- PKC Group reported first quarter net sales grew 149.7% year-over-year on acquisitions and demand for wiring harnesses. Sales for the period ended March 31 were 242 million euros.
BANNOCKBURN, IL – IPC is surveying members to measure the impact of “onshoring”: the migration of manufacturing operations back to the Americas from overseas in the electronics industry.
The survey will compile data to quantify onshoring (also known as reshoring) in terms of both location of operations and sourcing. Companies and suppliers in the electronics manufacturing industry in the Americas that wish to participate may do so until May 25 by visiting www.ipc.org/on-shoring.
The study looks at onshoring from three perspectives: electronics manufacturing operations moving back to the Americas, new operations that companies choose to build in the Americas, and whether electronics companies are changing suppliers to source more materials from their home region.
IPC’s study is designed to measure the changes that have taken place since 2008, identify where and in what product segments onshoring is occurring, explain why onshoring is occurring, quantify the impact on revenue and jobs in the Americas, and assess the current business environment, as well as the future outlook of onshoring.
The results will be published in June.