Global Design and Sourcing Activity to Fall in Q3

Jul 19, 2024 2:06:51 PM / by Supplyframe

The Commodity IQ Design Index and the Commodity IQ Demand Index are forecast to decline quarter-over-quarter through Q3 by 5% and 8%, respectively. While decreases in the sourcing activities indicate falling demand, nearly 80% of electronic component commodities are projected to ebb by less than 5%, and over 40% will remain above the index baseline, signifying growth but at a slower rate. The component design picture in Q3 will show a different landscape, with 65% of commodities weakening by 5% or more. There may yet be some opportunities for cost-downs.

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