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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

The Eurozone remains a drag on global manufacturing output with reportedly steep downturns again occurring in Germany and Austria. New order growth reportedly accelerated at the fastest in nearly three plus year, which is a likely indication that this region has become the new go-to for China Plus product sourcing strategies.

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GrandVision: “We are changing completely as we become demand driven”

Supply Chain Movement

In the last three years we’ve developed our strategy, centralised procurement, purchasing and manufacturing aligned our portfolios across all categories globally and developed our exclusive brands portfolio. And we are still on a journey with many more opportunities,” the Vice President Supply Chain says.

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September and Q3 Global PMI Levels Remain in Contraction

Supply Chain Matters

Reportedly, with the exception of Greece , all other EU countries registered PMI declines, with Germany and Austria having the fastest rates of production declines. average of the three months of Q3, declined 1.5 percentage points from the average of Q2, and a significant 4.8 percentage point drop from the average of Q1.

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Global PMI Levels in July Remain of Concern

Supply Chain Matters

Considerable weakness was noted for both Germany (a 38 month low) and Austria (a 39 month low) in July, both reporting the lowest PMI values in this sector. The July report indicated that “ production volumes, new orders, employment and purchasing activity all declined at faster rates than in June.”

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

Supply Chain Matters

The PMI values reflective of Germany and Austria both reached 34-month lows in March while both led in the expansion of post-production inventories. Some transportation services executives now open describe a freight rate recession.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

Countries experiencing sequential monthly lows were noted as France, Austria and Germany , the latter recording a 46.3 Counties reaching new highs were noted as Italy, noted as reaching a ten month high, Greece, Ireland and Spain. PMI value in February, the eighth consecutive month of contraction reporting. United States Two indices of U.S.

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

India again led all other regions, while Germany and Austria remain at highest levels of PMI contractionary levels. Business confidence levels remained positive, reportedly staying close to January’s nine-month high. Also noted was that average supplier lead times were broadly unchanged in February.