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Mid-Year Assessment of 2022 Supply Chain Predictions- Part One

Supply Chain Matters

The Ferrari Consulting and Research Group via its affiliated Supply Chain Matters blog shares a mid-year assessment of previously published 2022 predictions for industry supply chains published at the beginning of 2022. economy in 2022 have been ratcheted down to just over 2 percent. Economic Outlook Significantly Changed.

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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 PMI® which began 2022 at an expansion value of 54.2, Sources; S&P Global and ISM, 2022. has fallen 5.6

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

The September 2022 J.P. Separately, Bloomberg reported last week that China’s industrial profit levels shrank during the first eight months of 2022 adding to economic as well as manufacturing financial challenges. The S&P Global Thailand Manufacturing PMI® reportedly improved at the strongest rate in that country’s survey history.

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

In our summary and perspectives focused on July 2022 reporting , we opined that July data reinforced a trending toward declining global supply chain production momentum. The August 2022 J.P. The top three regions exhibiting PMI growth were noted as India, Australia and Thailand. Global Wide Production Activity. Bob Ferrari.

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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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Added Headwinds for Global PMI Production Indices in June and Q2 2022

Supply Chain Matters

The Supply Chain Matters blog highlights select June and Q2-2022 global manufacturing and supply chain indices, with the data indicating increased headwinds and challenges in the months to come. The average global PMI value for Q2-2022 was 52.3, The June 2022 Manufacturing ISM© Report on Business reported a value of 53.0

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

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. as contrasted with the Q4-2022 average quarterly value of 49.5. but represented 0.6