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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 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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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

At the country level, Italy , Greece and France bounced back to 4-month, 2 month, and 3-month highs but remained in production contraction levels. after plummeted to its lowest level since 2009 in October. Noted in the November report was that the rates of decline in output and new orders were: “.less

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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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Guest post: Sustainable monitoring in supply chains: it’s time for companies to reconnect with their stakeholders.

EcoVadis

Jury is currently Postdoctoral Research Fellow at Bergamo University (Bergamo, Italy), focusing his research on Sustainable Supply Chain Management. In the last two decades companies have been required to assure that good environmental and social performance were achieved across their supply chains (MIT, 2009). ISO14001, OHSAS18001).

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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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Sustainable Procurement Leaders

EcoVadis

As the third largest bank in Italy, we work with more than 24 000 suppliers, from whom we purchase a large amount of goods and services. In 2009, we launched our first CSR evaluation program with EcoVadis, which involved 50 suppliers. EcoVadis allow us to look after the CSR commitment and profile of our suppliers.