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At the end of 2024, global production and procurement activity levels are equivalent to the beginning of 2019, the year prior to the Covid-19 global pandemic. ( manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. and thus 2024 provided a 0.8
Other Asian Regions The S&P Global ASEAN Manufacturing PMI , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam reportedly slipped to an 11-month low in January amid indications of new orders and output moderation levels. Industrial profits reportedly declined 3.3
It was reported that Hutchinson will retain ownership of ports located in Hong Kong and mainland China while selling its control of 43 other ports spanning Germany to Malaysia. Copyright 2025, The Ferrari Consulting and Research Group and the Supply Chain Matters blog. based technology providers. All rights reserved.
Letters Sent Letters were reportedly sent to sent to Japan , South Korea , Malaysia and 14 other countries. They included 25 percent import tariffs on goods imported from Japan, South Korea or Malaysia with reportedly rates for other nations ranging from 25 percent to 40 percent. plans to impose. All rights reserved.
Arun Gupta recently went to a conference of the TPP in Washington, and was invited to share some insights on his visit and what he learned in a guest blog. Further, there are challenges in negotiations around tariff-free market access to components instead of only finished products, remanufactured products, and government procurement.
.” Alex Saric, a procurement expert at Ivalua, observes that poor supply chain visibility exposes companies to unwanted risks. Here, a smart approach to procurement will allow companies to improve supplier visibility, put effective measures in place and identify supply chain risks as they appear. . Footnotes. [1]
Consider the tablet you bought on Black Friday, your friend’s company-issued smartphone or even the computer monitor you may be reading this blog on. Companies operating in Asia are especially prone to unfair labor practices, particularly Malaysia, which has nearly 200 electronics factories. Do you know how each device was made?
The Ferrari Consulting and Research Group via its affiliated Supply Chain Matters blog provides supply chain focused perspectives on this week’s indications of slower economic growth across China. The lack of momentum in China based manufacturing has had a discernable contractionary impact on other regions, especially Taiwan and Malaysia.
Background Supply chain ethical and social responsibility, that which umbrellas ESG conformance, have increasingly become a concern for businesses, large and small, along with their procurement organizations. Reportedly, the vast majority of detained goods were produced in either Malaysia, Vietnam or Thailand. All rights reserved.
manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. Other Asian Nations The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam reportedly fell from 51.6
Among the countries flagged for high ESG concerns is Malaysia, which in 2021 exported $280 billion worth of goods and commodities, according to the Malaysian trade ministry. And that was just the latest enforcement action by CBP against Malaysia exporters. Malaysia is also challenged with a reputation for corruption.
Collective Asian Regions The S&P Global ASEAN Manufacturing PMI , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam reportedly reflected a modest improvement to a value of 50.8 for November, rising by 0.3 percentage points from 50.5 reported for October.
Organizations continue to scour global markets for even lower labor rates, moving from Western China to the Pearl River, and now to Vietnam, Indonesia, Malaysia, Cambodia, and North Africa.
” Tim Barnes, who has written in this blog in the past, was our next speaker. Australia and Japan are pushing to continue, however Malaysia and others are moving on, as they are not going to join now that the US is gone. Education is the best medicine against having your job “robofied!”
E-invoicing in Malaysia To support the growth of the digital economy, the government of Malaysia is implementing e-invoicing. It will be doing this to enhance the efficiency of Malaysia’s tax administration management and enable near real-time validation and storage of transactions for multiple industries.
Administration are becoming either a noted concern or business opportunity area for global based manufacturers and materials procurement teams. manufacturing and procurement activity levels, namely the S&P Global U.S. Bob Ferrari Copyright 2025, The Ferrari Consulting and Research Group and the Supply Chain Matters blog.
manufacturing and procurement activity levels, namely the ISM Report on Business Manufacturing PMI , and the S&P Global U.S. Bob Ferrari Copyright 2025, The Ferrari Consulting and Research Group and the Supply Chain Matters blog. United States The two followed indices of U.S. Currently there exists upwards of a 145 percent U.S.
During the trade war began during Trump’s first administration, Chinese companies started moving the final stages in production to countries such as Vietnam, Malaysia and Mexico, in order to avoid or ameliorate duties. All eyes will now be turning to the issue of transshipment.
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