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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. There are signs of new orders softening- cited in 16 percent of general comments, compared to 17 percent in June- as panelists are increasingly concerned about excessive inventories and record high lead times.”. .

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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. Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. Counties reaching PMI new highs were noted as Greece and Spain with Italy having expansion level activity levels in March.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

There are additional signs of a global glut in overall inventory levels, yet selective component shortages remain for certain industries. The decline in output was accompanied by a tick down in new orders as rising inventories have put the brakes on production.”. after plummeted to its lowest level since 2009 in October.

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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.

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

Morgan indicated, in part: “ With business optimism and the orders-to-inventory ratio also both dipping to their lowest levels in two-and-a-half years, the outlook for production remains downbeat.”. At the country level, Spain, Germany and Italy reported 29-month lows in PMI activity.

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Where are all the N95 Masks? A Supply Chain Dilemma

NC State SCRC

The global inventory of masks was also diminished by the wildfires in California and Australia, which used up many of the supplies held by humanitarian organizations. China has claimed mask factory output for itself, and during the outbreak, they also purchased most of the global inventory of masks from other countries.