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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part One

Supply Chain Matters

Downside risks that include monetary policy miscalculations, an uncertain outcome to the ongoing Russia-Ukraine conflict and further supply network disruptions as a result of more far-reaching spread of Covid variant infection rates across China. The three largest global economies ( Europe , United States , China ) expected to stall.

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Nearshoring & Reshoring Will Continue to Increase Thanks to these Main Benefits

GlobalTranz

Russia is continually testing the international waters of potential warfare, and terrorist activity has frightened the entire country lately. These recall counts point to sizeable growth over the past decade in the recall notices of Chinese-made consumer goods from 58 in 2002 to 153 in 2014.

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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.

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Interoceanic Passages

Abivin

In order to manage the increasing containerized traffic, the rail line between the Atlantic and Pacific sides was reopened in 2002 under a private concession. It makes it possible for Germany, Poland, the Baltic States, and Russia to participate in international maritime shipping.

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