ECIA Releases Latest Channel Channel Podcast on Economic Forecast
Dale Ford Interviews Tom Runiewicz, IHS Markit Industry Service
Atlanta – ECIA’s latest Channel Channel podcast features a discussion with Tom Runiewicz, Senior Principal Economist for the IHS Markit Industry Service that covers a wide range of economic topics specific to the electronic components industry. ECIA Chief Analyst Dale Ford takes a deep dive into the precise nature of the IHS Markit growth forecasts for 2022 and beyond. They discuss when current volatility will subside and how the cost pressures will be resolved, based on key economic indicators that these two experts watch carefully.
In the first part of the podcast, the discussion revisits some of the IHS Markit predictions for 2022 from just a few months ago. “Demand remains very strong, but supply chain disruptions continue to limit production,” explained Runiewicz. “As demand cools later this year, price pressure will diminish, but companies need to examine their cost structures carefully to minimize risk. What matters is where costs are located geographically; that’s what you need to know to understand vulnerabilities.”
Other topics covered include the war for talent, the role of government spending, key economic indicators managers should be watching, and the shift from ‘just in time’ inventory levels to ‘just in case.’ This discussion will provide invaluable insights into where the data are leading as the pandemic recovery continues.
To access the Channel Channel podcast and listen in visit ECIA Podcasts – The Channel Channel (ecianow.org).