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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. slipping 2.3

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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 Continues Downward Trajectory at the Close of 2022

Supply Chain Matters

The report authors indicated that the December PMI reading is the lowest since the first half of 2009, with the implication a significant loss in momentum. Sources; S&P Global and ISM, 2022. reportedly signaling the fastest decline in operating conditions since May of 2020, which is equivalent to the peak of the Covid-19 pandemic.

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What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part Two

Supply Chain Matters

In our previous published Part One commentary , we summarized the challenges and action taken by industry and global supply chain during the years 2020-2022, along with the key learning. percent, the steepest drop since February 2020, the height of the pandemic. Global Wide Transportation and Logistics.

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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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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

Global business optimism was reported as being at one of its lowest level since the Covid-19 pandemic began in early 2020. Morgan indicated, in part: “ The November PMI’s point to an intensification of the global manufacturing downturn, as the output index fell to a new low since June 2020. manufacturing performance since June 2020.

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Disruption in China Ripples Across Global Supply Chains in April 2022

Supply Chain Matters

They collectively provide evidence that the prior disruptions still occurring among industry supply chains, compounded by the latest manufacturing, logistics and transportation disruptions occurring in China, will have a longer economic and service level effect in the coming months. in March, and the lowest level recorded since August 2020.