# NVR's Randall Sherman Review the EMS 50 on EMS@C-Level with Philip Stoten

- Show: [EMS@C-LEVEL](https://hardwarepodcasts.com/podcast/ems-c-level)
- Published: 2023-05-01
- Length: 14m
- Page: https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten

## Summary

Randall Sherman, founder and CEO of New Venture Research, joins host Philip Stoten to review the 2022 EMS 50 report, highlighting 9.5% industry growth driven by smartphones and PCs. They analyze the contrasting performance of large Taiwanese players like Foxconn and Pegatron, attributing their slower growth to geopolitical risks and consumer market saturation. The discussion covers the resurgence of the ODM model, the profitability of European EMS firms like Scanfil and Note, and ongoing consolidation through M&A activity among major players such as Celestica and Benchmark.

## Chapters

- [0:07](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=7) Introduction: Randall Sherman and 2022 EMS 50 Report Overview
- [1:02](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=62) Drivers of 2022 Growth: Smartphones, PCs, and Outsourcing Trends
- [3:09](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=189) Taiwanese Giants: Foxconn, Pegatron, and Geopolitical/Market Pressures
- [5:16](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=316) Resurgence of ODM Model and High-Growth Sectors (Medical, Defense)
- [7:03](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=423) EMS Profitability: Efficiency, Margins, and ODM Strategy
- [9:41](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=581) European EMS Performance: Scanfil, Note, and High-Mix Manufacturing
- [10:54](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=654) Geopolitics: China's Recovery, Friend-shoring, and Reshoring
- [12:03](https://hardwarepodcasts.com/podcast/ems-c-level/2023-05-01-nvrs-randall-sherman-review-the-ems-50-on-ems-c-level-with-philip-stoten#t=723) Industry Consolidation: M&A Activity and Scale (Celestica, Benchmark)

## Topics

- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)

## Most relevant to

large enterprises

## Mentioned

- New Venture Research (company)
- Foxconn (company)
- Pegatron (company)
- BYD (company)
- Scanfil (company)
- Note (company)
- Celestica (company)
- Benchmark (company)
- Flex (company)
- USI (company)
- Koh Young (company)
- CloudNC (company)

## Related episodes from other shows

- [PCB Industry Evolution: From Mom & Pop Shops to Consolidation](https://hardwarepodcasts.com/podcast/ontrack/2025-08-26-pcb-industry-evolution-from-mom-pop-shops-to-consolidation) (OnTrack)
- [eReaders, datasheets & board assembly - Yearly Yeasty Yapping](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-12-18-ereaders-datasheets-board-assembly-yearly-yeasty-yapping) (The Amp Hour)
- [Part Choice Triathlon](https://hardwarepodcasts.com/podcast/the-amp-hour/2015-10-30-part-choice-triathlon) (The Amp Hour)
- [Episode 16: Is the Semiconductor Growth Cycle Over?](https://hardwarepodcasts.com/podcast/the-circuit/2023-04-25-episode-16-is-the-semiconductor-growth-cycle-over) (The Circuit)
- [Breaking Down Electronics Manufacturing with Jay Patel](https://hardwarepodcasts.com/podcast/ontrack/2025-12-23-breaking-down-electronics-manufacturing-with-jay-patel) (OnTrack)

## Citing this page

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