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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Supply Chain Matters provides readers a further installment in our global supply chain assessment series in providing highlights on reported March 2024, and Q1-2024 global and regional production and supply chain PMI indices. This index closed Q1-2024 at 1.8 Morgan Global Manufacturing PMIĀ® ended March on an optimistic footing.

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World Bank Revises 2023 Global Growth But Downgrades 2024

Supply Chain Matters

In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4 The current forecast for 2024 growth is 0.8 That statement portends stubbornly high interest rates will likely extend into 2024. percent, down from the January estimate of 2.7 percent in 2023, compared to 4.1 percent in 2022.

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High Seas Troubles Affect Global Supply Chains, Part Two: Climate Risks

Enterra Insights

The Associated Press reports, “Canal authorities attributed the drought to the El NiƱo weather phenomenon and climate change, and warned it was urgent for Panama to seek new water sources for both the canalā€™s operations and human consumption. ” How bad have things become?

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Do You Know Your Suppliers? Counting the Cost of Ignorance

QAD

The concept of ethical sourcing has risen in popularity during the past four years.ā€ . In April 2022, allegations arose claiming children as young as 10 in Ghana , West Africa were harvesting cocoa beans for food industry giant Mondel?z It doesnā€™t take a very deep search to uncover recent global headlines of abuses in production.

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Trends in Sustainability: Deglobalization will accelerate in 2024

Freightera

Freightera’s CEO, Eric Beckwitt Gives His Predictions on The Trends in Sustainability in 2024. Although interest rates are widely predicted to fall in 2024, and the freight recession may end, the multi-decade trend of moving manufacturing overseas, especially to China, may be largely over.

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Trends 2021: Megatrends, Part Two

Enterra Insights

Most analysts believe the future looks bright for renewable energy sources. This means that ever-more of our energy system can become less reliant on traditional sources such as coal, oil, and natural gas, thereby reducing greenhouse gases in the atmosphere.”[3] ”[4]. ”[4].

Trends 100
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2024 Predictions for Industry and Global Supply Chains- Prediction Two

Supply Chain Matters

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month. Such efforts indeed occurred as was added evidence.