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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

India has again demonstrated the highest level of PMI growth and the report authors point to Greece, Indonesia, Russia and Brazil as demonstrating stronger rates of expansion. Observed was that manufacturing conditions across Greece have improved to the sharpest extent in two years. along with Vietnam, Thailand and Indonesia.

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Doing Business in Turkey

QAD

The country is located in southeastern Europe and southwestern Asia. Its borders consist of Bulgaria, Georgia, Greece, Syria, and the Aegean and Mediterranean Seas. Since its founding, Turkey has dealt with instability and military coups, although each time, the country returns to democracy. Its latest constitution was adopted in 1982.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

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

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China Flexes Its Global Logistics Muscle

Material Handling & Logistics

Announced in 2013 by Chinese President Xi Jinping, the plan would link China’s Silk Road Economic Belt Project in Central Asia—which was aimed at connecting with Europe via Central Asia to increase trade between the Asia-Pacific region and Europe—with its Maritime Silk Road stretching from the South China Sea to the Indian Ocean.

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

Supply Chain Matters

Counties reaching PMI new highs were noted as Greece and Spain with Italy having expansion level activity levels in March. New export orders also fell. Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months.

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The impact of the Ukrainian crisis on Europe’s gas flow

Supply Chain Movement

However the impact on Eastern and Southern European gas flows and prices would be more substantial with countries such as Greece forced to rely on gas reserves it has in storage.

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Climate Change: Companies Must Step-up as Governments Fail to Act

Enterra Insights

From wildfires in Greece and Hawaii to the tropical storm that dumped a record amount of rainfall on Los Angeles, extreme climate-related events have filled the headlines. The McKinsey analysts report, “Globally, Gen Z is growing fast: Gen Zers will make up a quarter of the population of the Asia–Pacific region by 2025.”