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📈 The latest TTI, Inc. - Europe Insights explores the economic factors impacting the electronic components industry, with a focus on market trends, supply chain challenges, and the ongoing influence of global events. As the industry navigates fluctuations in demand and production, understanding these dynamics is crucial for strategic decision-making. Stay informed on how these factors might shape the future of electronics: https://bit.ly/3AZoi8k

First half 2024 interim announcement: Staying the course despite market headwinds After three years of significant growth, organically and through M&A, the first half of 2024 has proved to be challenging with high volatility and lower demand in several key markets. Group sales amounted to EUR 5 billion, and Danfoss delivered a half-year EBITA of EUR 533 million corresponding to an EBITA margin of 10.6% against 12.4% last year. The lower demand is expected to continue for the rest of the year. We are staying the course and continue see growth drivers, such as decarbonization in industrial sectors, the rapid pace of digitalization, enabled by the data center industry, and electrification. But the lower demand is, unfortunately, expected to continue for the rest of the year. In the first half of the year, we continued to reduce our own emissions. In China, we signed a local Power Purchase Agreement (PPA) that, from 2025 onward, will reduce our annual scope 1 and 2 emissions in China by 33% and 9% globally. In total, we have now secured agreements to decarbonize 60% of our operations in China. Read the full press release here: https://bit.ly/3SX1sVn #H12024 #GreenTransition #Sustainability #Decarbonization #Danfoss

With inflation on the rise and the increasing importance of sustainability, the refurbished device demand continues to grow year to year. Learn more in this year's Connected Decade research report: http://aizgo.co/6044R3moY

With inflation on the rise and the increasing importance of sustainability, the refurbished device demand continues to grow year to year. Learn more in this year's Connected Decade research report: http://aizgo.co/6044R3moY

With inflation on the rise and the increasing importance of sustainability, the refurbished device demand continues to grow year to year. Learn more in this year's Connected Decade research report: http://aizgo.co/6044R3moY

As we approach 2024, both challenges and opportunities lie ahead. Explore the four technology trends that are expected to impact manufacturers in the new year. https://lnkd.in/eFMawNER

The future of the IT industry is bright and full of potential. Driven by technological advancements and changing consumer demands, the industry is expected to undergo significant transformations in the coming years.

Trade growth varied significantly across sectors, with green energy and AI-related products experiencing stronger increases. The trade value of high-performance servers rose by 25% compared to the first quarter of 2023, while other computers and storage units saw an 8% increase. The trade value of electric vehicles also grew significantly, increasing by about 25%. Explore the latest Global Trade Update: https://ow.ly/b4Wf50StwZo

Are you caught up on the latest news? Check out the latest reports from the #electronicsindustry in this week's IPC Global Insight. Read the latest an subscribe today: https://lnkd.in/gi8dzhiC

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