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What is Economic Order Quantity & its Advantages

SCMDOJO

The demand is subjected to change due to many factors drastically, including pandemics (COVID-19), war (Russia-Ukraine war), and last but not least technological advancements. Author : Emad Atef – CSCA, MBA (Candidate), Procurement and Sourcing Manager. Lysons, Procurement & Supply Chain Management, 9th Ed. ,

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Commodity Prices Soar as Risks of Major War Footing Increase

Supply Chain Matters

In this Supply Chain Matters Product Demand and Supply Network Perspective we reference a published Bloomberg report addressing how the ongoing Russia-Ukraine conflict is impacting commodity and materials planning and supply concerns. Wheat prices have soared to levels that occurred in the prior global recession of 2008-2009. .

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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. Supply Chain Matters Insights and Perspectives on the July Data.

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Disruption in China Ripples Across Global Supply Chains in April 2022

Supply Chain Matters

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.”. . China’s Specific Impact. in April, from the value of 49.5 reported for March. West Coast ports of entry.

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China Flexes Its Global Logistics Muscle

Material Handling & Logistics

The plan consists of six economic corridors: • China-Mongolia-Russia. Cheng Wei, Honeywell’s EPC (engineer, procure and construct) export sales leader in China, spoke to MH&L about their involvement in the project. Eurasian Land Bridge. China to Central Asia and Western Asia. China-Indochina peninsula. China-Pakistan.

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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.”. The August 2022 Manufacturing ISM© Report on Business reported an August value of 52.8, the same value as that of July. Both values remain the lowest since June 2020.

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

The October S&P Global Taiwan Manufacturing PMI® plummeted to its lowest level since 2009. The inflation rate in Europe now exceeds 10 percent and the ongoing Russia and Ukraine conflict points to surging energy prices and likely anticipated energy supply shortages across Europe during 2023, especially the winter months.