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Coronavirus Highlights Fragility of Global Supply Networks

Jaggaer

Since the outbreak of SARS in 2003, the last major epidemic to hit China, the country has become even more important as a source of key components and materials as well as finished consumer goods. China ’ s economy has grown in leaps and bounds from roughly 4% of world GDP in 2003 to 1 6% today.

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Using Big Data to Drive Manufacturing Sales: 3 Big Takeaways from the USMTO Reports

GlobalTranz

At the trough of the recessions in 2003 and 2009, only $100 million worth of equipment was being purchased. According to our USMTO data the 2003 recession really started in 2001 and didn’t really end until 2005 or even 2006. Sources: The Association for Manufacturing Technology (AMT) [link].