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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

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. Germany and Italy values were noted as being 25-month lows.

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

Supply Chain Matters

Source: S&P Global Monthly PMI Reporting Highlights of Regional Reporting Continued High expansion in India Manufacturing activity levels across India remained at high expansion levels in May, outpacing all other regions. Reportedly Greece was the only member state to register an improvement in operating conditions.

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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. Source: S&P Global, April, 2023 Highlights of Regional Reporting Developed Regions Eurozone The S&P Global Eurozone Manufacturing PMI® fell again in March to a value of 47.3 China’s expansion was noted as marginal by the end of Q1.

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

Barring the initial pandemic lockdown months, this is the steepest downturn in US manufacturing seen since the global financial crisis in 2009.”. Of continued concern, manufacturing powerhouses of Germany, Spain and Italy each remain at contraction level PMI values. the same value as that of July. Bob Ferrari.

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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. Global Manufacturing Output Levels Declined.

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

At the country level, Spain, Germany and Italy reported 29-month lows in PMI activity. The October S&P Global Taiwan Manufacturing PMI® plummeted to its lowest level since 2009. Noted in the October report was that the sub-indexes of output and new orders fell at rates, “ rarely surpassed across 25 years of PMI data collection.”

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How Can We Heal the Global Supply Chain?

Supply Chain Shaman

In the last six months, in my travels, I have presented to supply chain teams in China, Belgium, France, Germany, Peru, Mexico, Netherlands, South Africa, Singapore, and the United Kingdom. The combination of technology along with the advancements in transportation made it possible. Today, I unpacked my bags. 5) Design.