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Global Manufacturing Activity Continues Downward Trajectory at the Close of 2022

Supply Chain Matters

Supply Chain Matters provides highlights of both December 2022 and full year reported global PMI indices that at the close of 2022 present a far different picture from the start of the year. Morgan Manufacturing PMIĀ® which began 2022 at an expansion value of 54.2, Sources; S&P Global and ISM, 2022.

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Thailand Ecommerce Logistics for ASEAN Enterprises: Should You Go Local?

Logistics Bureau

The ecommerce market in Thailand has never been healthier and all the signs indicate huge potential for growth in the next few years. With the Thai governmentā€™s Thailand 4.0 Statistic: By 2022, Thailand’s ecommerce market is expected to be worth around $5.8 SOURCE: Statista. A logistics partner in Thailand.

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January 2023 PMI Reporting Points to Some Signs of Global Wide Easing

Supply Chain Matters

Our previous posting in this series of global wide manufacturing PMI highlights was in early January summarizing both December and Q4-2022 reported indices data. value reported for the end of 2022. The few pockets of production expansion were noted to be within Asia , including India, Indonesia, Thailand and the Philippines.

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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. percentage points higher than the average value of Q4-2022 which was 48.9. That is a positive sign Of continued interest was that India and Thailand indexes (included in our highlights below) reflected the quickest rates of expansion.

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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. The S&P Global Thailand Manufacturing PMIĀ® declined from this surveyā€™s record 60.4 for May, 0.2

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

The reality of this index is that global wide demand levels for products remain below those of 2022 as economically strained consumer remain very watchful of spending levels. Our projection places this anticipated shift in the first half of 2024, although the present indicators do not support this expectation. and the United Kingdom.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

That stated, Februaryā€™s activity appears to have regional specific connotations with upturns in production volumes across areas of Asia , specifically the ongoing re-opening of China ā€™s manufacturing sector, and upturns in India , the Philippines and Thailand manufacturing and supply chain activity levels. increasing 3.2