Remove 2024 Remove China Remove Inventory Remove Sourcing
article thumbnail

2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog shares samples of individual prediction snapshots that will be included in our Annual 2024 Predictions for Industry and Global Supply Chains Research Advisory publishing later this month.

article thumbnail

Tesla’s Q1-2024 Financial Performance- Calling an Audible

Supply Chain Matters

Supply Chain Matters provides key highlights and added supply chain and production perspectives on Tesla ’s recent report of Q1-2024 financial performance. billion, a reflection of increased price discounting and a building inventory of unsold vehicles. Financial headlines included quarterly total revenue declining 9 percent to $21.3

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supply Chain Matters News Capsule Update- March 28 2024

Supply Chain Matters

The company’s forecasted outlook for production levels in 2024 was upwards of 9,000 vehicles, and industry watchers indicated that added financing would be needed in order for the luxury auto maker to be able to grow sales and global wide production needs. Workers After securing new ratified labor agreements among three major U.S.

article thumbnail

Report- Hewlett Packard Modifying Global Sourcing Strategy

Supply Chain Matters

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes.

article thumbnail

World Bank Revises 2023 Global Growth But Downgrades 2024

Supply Chain Matters

In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4 Emerging market and developing economies, excluding China are now expected to grow 2.9 China is now forecasted to grow 5.6 The current forecast for 2024 growth is 0.8 percent, down from the January estimate of 2.7 percent in 2022.

article thumbnail

Global Production Levels Falling At the End of 2023

Supply Chain Matters

Manufacturing job losses were reportedly registered for the fourth consecutive month in December, with cuts noted in China , the Euro area , the U.S. That remains a troubling indicator for added supply chain momentum into the first half of 2024. The pivotal turning point in the inventory cycle is a key factor for initiating a recovery.

article thumbnail

Global PMI Levels in August Remain Sluggish

Supply Chain Matters

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The inventories index decreased 2.1 manufacturers are continuing to draw down inventory levels. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.