Inorganic growth strategies bode well for the industry's prospects.Įasing Supply Chain Disruptions: While supply chain disruptions and the resulting shortage of electronic components persist, the situation has improved with a decline in delivery lead times. Additionally, the digitalization of business operations is helping industry participants boost their competitiveness through enhanced operational productivity, product quality and better cost management. Well-diversified end markets, such as gas, mining, refining, energy, renewable, life sciences, metals, electrification and automation, should help industry players offset weakness in demand associated with a single market.
This indicates a suppressed demand environment for the industry participants in the near term.Įnd-Market Strength: Despite a slowdown in manufacturing activities, demand across key end markets remains stable. With recession fears looming large, a turnaround in the manufacturing sector is not likely anytime soon. The production index and import and export indexes also declined in June. The new orders index remained in the contraction territory for the past several months. A figure below 50 indicates a contraction in manufacturing activity. Per the Institute for Supply Management (ISM) report, the Manufacturing Purchasing Manager's Index touched 46% in June, reflecting a contraction in manufacturing activities for the eighth consecutive month. Slowdown in the Manufacturing Sector: Amid a general softness in the economy, weakness in the manufacturing sector has been weighing on demand in the industry. 3 Trends Shaping the Future of the Manufacturing Electronics Industry The manufacturing electronic companies sell products and services in various end markets, including robotics, semiconductor, defense, aerospace, medical equipment and satellite communications. These companies are increasing investments in developing innovative technologies, boosting customer and employee experience as well as supply-chain modernization programs. These companies also offer state-of-the-art customer support and after-market services to end users. Some industry players also provide water-treatment products, engineered flow components, process equipment and turn-key systems. The Zacks Manufacturing-Electronics industry comprises companies that manufacture electronic products like battery chargers, battery accessories, outdoor cabinet enclosures, power transmission products, electrical motion controls and motive power devices. The eight-time All-Star is not playing at the same level he did in 2022 when he finished third in NL MVP voting, but he's still among the best third baseman in MLB.Amid buoyant near-term prospects, companies like Emerson Electric Co., A. It's certainly plausible that a team with interest in Arenado could come along with an offer that's too good for the Cardinals to turn down. But The Athletic's Katie Woo noted it's "not happening" and the "most likely scenario" for the reigning NL MVP will be a two-year extension from the Cardinals at the end of this season. Goldschmidt, who is 35 and signed through 2024, would seem like a potential trade candidate. If the Cardinals don't think they need to undertake a long-term rebuild, keeping Arenado makes sense.
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O'Neill has one more year of team control before hitting free agency after the 2024 campaign.
Montgomery, Flaherty and Hicks are set to become free agents after this season. Arenado, who opted in to the final five years and $144 million on his deal in October, won't be a free agent until after the 2027 season. The likely reason for that is contract status. Jon Heyman of the New York Post noted Jordan Montgomery, Jack Flaherty, Jordan Hicks and "perhaps" Tyler O'Neill are more likely to be traded than Arenado. While the Cardinals are almost certain to be sellers at the deadline, Arenado's name hasn't really popped up as a candidate to be moved at this point.
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