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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

The report authors noted the first drop in manufacturing output since June 2020. Commenting on the July report, Chris Williamson, Chief Business Economist at S&P Global indicated in-part: “ With the exception of pandemic lockdown periods, July saw US manufacturers report the toughest business conditions since 2009.

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

The latter has been reinforced by the April GSPI Index from the New York Federal Reserve , and now, the reported May GEP Global Supply Chain Volatility Index which indicated that “ for the first time since June 2020, global chain capacity is now underutilized, indicating a shift to a buyers’ market.

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

From our lens, Taiwan remains the continued shocker, experiencing a third consecutive monthly decline and noted as equivalent to levels seen in May 2020 during the initial Covid-19 outbreak. South Korea has now become a concern as well as that regions manufacturing activity is now at a contraction level not seen since 2020. . .

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

However, we discern some added signs excess inventories and of production sourcing shifts. The separate S&P Global PMI® Commodity Price and Supply Indicators index noted that the Global Supply Shortages Index dipped to a 30-month low while The Global Price Pressures Index dropped further in March and at the slowest pace since June 2020.

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

Once more, the Covid recovery increases that began in March/April of 2020 are now no longer.(Figure At the country level, Spain, Germany and Italy reported 29-month lows in PMI activity. New order inflows reportedly contracted at the fastest pace since May 2020. Figure below). The October reported value of 49.4

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Disruption in China Ripples Across Global Supply Chains in April 2022

Supply Chain Matters

in March, and the lowest level recorded since August 2020. The report specifically indicated: “ Average purchase prices rose to one of the greatest extents during the past 11 years, leading to the joint-steepest increase in output charges since the series began in October 2009.”. . This index fell to a value of 52.2,

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From Model X to Project Titan: A Closer Look at the New Auto Manufacturing

Elementum

Source: SupplyChain247. Source: TheVerge. Recently, Google launched its self-driving prototype which it has been developing since 2009. Source: PC-Tablet. Source: Auto News. Automotive manufacturers predict that self-driving technology along with fully efficient electric vehicles should be ready by 2020.