article thumbnail

World Bank Revises 2023 Global Growth But Downgrades 2024

Supply Chain Matters

This week the World Bank released its latest June forecast of its Semiannual Global Economic Prospects Report. This latest forecast indicates that the global economy will grow by 2.1 That compares with a global growth rate of 3.1 In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4

article thumbnail

How manufacturers can respond to supply chain disruptions

SYSPRO Smarter ERP

Global supply chains were starting to recover from two years of upheaval caused by the pandemic when the military crisis hit. The further disruption caused by Russia’s invasion of Ukraine could cause major disruptions to the global supply chain and impact South Africa. Responding to global disruptions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

New tech coming to ERP systems near you

SYSPRO Smarter ERP

Within Africa, the adoption of smart manufacturing technologies and solutions has been far slower. Many African countries are less digitalized than their middle- and high-income counterparts globally, with a technology gap in both access and use. And there is reason for optimism about the state of manufacturing in Africa.

article thumbnail

CGE Global Summit Plans Sweeping Reforms Amid Frozen Food Recall

RFgen

All of this comes as the world’s consumer goods industry leaders met at the CGF Global Summit in South Africa to discuss initiatives in global food safety and development. If the chain is not diverse it can lead to inventory issues, while supply chains on a larger scale can lead to contamination.

Food 52
article thumbnail

CGE Global Summit Plans Sweeping Reforms Amid Frozen Food Recall

RFgen

All of this comes as the world’s consumer goods industry leaders met at the CGF Global Summit in South Africa to discuss initiatives in global food safety and development. If the chain is not diverse it can lead to inventory issues, while supply chains on a larger scale can lead to contamination.

Food 52
article thumbnail

The Zika Panic and its Effects on the Supply Chain

RFgen

Recently, concern over the Zika virus affects harvesting and manufacturing in Africa and shipments around the world , according to Computerworld. As of now, there are Zika outbreaks in West Africa and South America, with a few cases in the U.S. West Africa has seen the greatest number of infections.

article thumbnail

Supply Chain Roundtable Series: Getting Demand Forecasting Right 

Unleashed

That means analysing the market, global and local economics, your competition, and the latest industry trends before focusing on internal factors such as revenue and profit margins. We’ve got two clients who brew beer: one local, and one across the border in South Africa. There must be an element of realism.”