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This Week In Supply Chain Management Tech April 4 2023

Supply Chain Matters

Supply Chain Risk Management Provider Avetta Acquired Stockholm based private equity firm EQT has reportedly agreed to acquire supply chain risk management software technology and managed services provider Avetta from existing private equity owners Welsh, Carson, Anderson & Stowe ( WCAS ).

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

Global trade was reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7 Manufacturing and Supply Chain Activity Levels- Global-wide manufacturing levels as depicted in the J.P. This level represents a contraction of $1.5 trillion (or five percent) compared to a record high level in 2022.

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Realties of Declining Global Trade and Transport Rates More Evident

Supply Chain Matters

The Drewy World Container Index , which stood at $9,304 per 40-foot container at the beginning of 2022, was reported as $2,120 by the end of 2002. During 2022, as consumers shifted their physical goods buying patterns away from products and into travel and services, global shipping volumes steadily declined and so did spot rates.

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What Supply Chain Management Should Anticipate in 2024

Supply Chain Matters

contractionary mark for fifteen consecutive months and reportedly the longest sequence of deterioration since the period of December 2000 to February 2002. Morgan Global Manufacturing PMI® November 2023 report remained below the 50.0 However, report authors indicated a glimmer of hope that a stabilization point might have been reached.