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Why Sustainability is Becoming Critical for Manufacturers in 2024

OptiProERP

In an era where environmental concerns are taking center stage, sustainability has emerged as a critical driver of success for manufacturers, big and small. Governments, consumers, and stakeholders increasingly prioritize sustainable practices, urging manufacturers to reevaluate their operations.

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Hurricane season 2024: how to prepare your supply chain

Resilinc

Prepare your business for the stormy seas of the 2024 hurricane season. Outlook for hurricane season 2024 This year, hurricane season starts June 1, 2024, and ends November 30, 2024, and will primarily affect the Atlantic Ocean, the Gulf of Mexico, and the Caribbean Sea. What sets this year’s hurricane season apart?

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New Balance Has Plans for Added U.S. Manufacturing

Supply Chain Matters

Athletic and leisure footwear manufacturer New Balance has advanced plans to build the company’s sixth footwear manufacturing facility within the United States. The company presently owns five manufacturing facilities in the U.S. and one in the United Kingdom , with a reported $5.3

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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 The United States is now forecasted to grow 1.1 The current forecast for 2024 growth is 0.8 That statement portends stubbornly high interest rates will likely extend into 2024. percent, down from the January estimate of 2.7

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What You Need To Know About The State Of The Retail Worker Shortage

ToolsGroup

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” As per a recent report by CNBC , the labor department in the United States has 5.5 Source: Bloomberg.com.

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Report That Global Ocean Container Rates on the Decline

Supply Chain Matters

According to this report, citing industry research firm B raemar , global ocean container fleet size is forecasted to grow 9 percent in 2023 and 2024 , while container volume growth will moderate in 2023 and rise slightly in 2024. This will be good news in stemming supply chain driven inflation trending. Added Perspectives.

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P. Slight Rise in Global Wide Production Activity Global-wide manufacturing levels as depicted in the J.P.