# New Venture Research CEO Randall Sherman on EMS@C-Level

- Show: [EMS@C-LEVEL](https://hardwarepodcasts.com/podcast/ems-c-level)
- Published: 2023-03-03
- Length: 20m
- Page: https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level

## Summary

Randall Sherman, CEO of New Venture Research, analyzes the global electronics manufacturing services (EMS) industry, noting that while 2022 was a bumper year with double-digit growth, 2023 is expected to see low single-digit growth due to economic disruption and COVID trends in China. He discusses the ongoing shift away from China towards India, Vietnam, and Mexico, driven by geopolitical tensions and supply chain security concerns, while highlighting the resilience of industrial, automotive, and medical sectors compared to consumer electronics. Sherman also addresses industry consolidation, talent shortages, and the potential for US manufacturing revival through legislation like the Chips Act.

## Chapters

- [0:07](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=7) Introduction and 2022 Industry Performance
- [0:52](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=52) China's COVID Impact and Economic Outlook
- [3:23](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=203) Geopolitical Shifts and Supply Chain Diversification
- [6:04](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=364) Sector Performance and Inventory Challenges
- [7:48](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=468) Industry Consolidation and Tech Layoffs
- [8:51](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=531) Talent Disparities and Labor Shortages
- [11:43](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=703) Rising Manufacturing Hubs: India, Vietnam, and Mexico
- [14:36](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=876) China's Enduring Logistics Advantage
- [15:30](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=930) US Manufacturing Revival and Political Context
- [18:32](https://hardwarepodcasts.com/podcast/ems-c-level/2023-03-03-new-venture-research-ceo-randall-sherman-on-ems-c-level#t=1112) 2023 Growth Predictions and Conclusion

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)
- [Hiring & workforce](https://hardwarepodcasts.com/topic/hiring-and-workforce)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)

## Most relevant to

large enterprises

## Mentioned

- New Venture Research (company)
- Foxconn (company)
- Apple (company)
- Google (company)
- Meta (company)
- Microsoft (company)
- Tesla (company)
- Twitter (company)
- HP (company)
- Koh Young (company)
- CloudNC (company)

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- [A Look at the State of US Manufacturing Headed Into 2025 w/ Thom Walstrum](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2024-12-03-a-look-at-the-state-of-us-manufacturing-headed-into-2025-w-thom-walstrum) (The Manufacturing Executive)
- [SpaceX, Enclosures & Startups - Urging Unemployment Ullagone](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-12-04-spacex-enclosures-startups-urging-unemployment-ullagone) (The Amp Hour)
- [271: Preparing Manufacturers for the Semiconductor Boom: Insights from SEMICON West and Beyond](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2026-01-20-271-preparing-manufacturers-for-the-semiconductor-boom-insights-from-semicon-wes) (Manufacturing Happy Hour)
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## Citing this page

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