Welcome to the Q4 2024 Mechanicals Commodity Intelligence Report.

Welcome to the Q4 edition of the Global Mechanical and Subassemblies report.

As we enter the year's final quarter, the global economy continues to experience moderate growth amid challenges such as above-target inflation, supply chain disruptions, and geopolitical risks. To navigate market volatility, supply chain efforts should prioritize enhancing resilience.

The industrial sectors across the “Mechanicals” ecosystem are generally experiencing growth driven by technological advancements and increasing demand.

Key trends covered in this report include:

• Batteries: Growth fueled by electric vehicles and renewable energy needs, with raw material supply and cost challenges.
• Cables: Expanding due to rising needs in construction and telecommunications, focusing on sustainability and dealing with material cost fluctuations.
• Die Cutting: Stable demand and innovations in automation are improving efficiency, yet material cost and production challenges remain.
• Displays: Experiencing rapid advancements in OLED and flexible technologies, driven by consumer electronics and automotive sectors, despite high production costs.
• Metals: Volatile market with strong demand for specific metals and challenges from geopolitical tensions and supply chain issues.
• Optical Lenses: Steady growth with technological innovations enhances performance but deals with material and efficiency challenges.
• Packaging: Evolving towards sustainability with increasing demand for innovative solutions while facing raw material and supply chain disruptions
• Power Supplies: Power supplies are growing due to advancements in efficiency and renewable energy needs, as well as challenges in raw materials and supply chain constraints. 
• Resins: Diverse sustainability applications face cost and environmental regulation challenges.

Each sector is navigating its unique opportunities and challenges in the market, shaped by broader trends and technological advancements. Sustainability and innovation continue to be key themes driving the future of these developments. 

The Jabil Commodity Management team continually monitors these markets and supports our partnership network to help ensure supply continuity and cost efficiency.  If you have any questions about the report or would like any further information, please contact me directly or any of our global teams.

    Keith Lapinski 
    VP, Supply Chain

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