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Eurozone Economy Now in Technical Recession

Supply Chain Matters

Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Industry supply chain management and integrated business planning teams need to be diligent in their planning of resources and global capacity. pharmaceutical companies cutting back on production.

Ireland 52
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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The August data indicated that Greece and Ireland were the only two countries to record production improvements during August. Suppliers continue to have capacity. The reported August value was 43.5,

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The Supply Chain Impact of Europe’s Refugee Crisis

Kinaxis

The philanthropic branch of UPS, the UPS Foundation , is working with UNHCR and the World Food Programme (WFP) to deliver relief shipments to thousands of refugees in Greece and along the Macedonian border. CHEP isn’t the only company stepping up to make a positive impact on the refugee crisis.

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This Week in Logistics News (November 4 – 10)

Logistics Viewpoints

Warehouse break-ins, accounting scams, and oil tampering are on the rise in the olive growing regions of Greece, Spain, and Italy. Spanish police have said they recently retrieved 91 tons of stolen olives, and in February, six people were arrested in southern Greece for the theft of eight tons of olive oil.

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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. Firms reportedly attributed the upturn in production to companies increasing workforce and capacity. Suppliers continue to have capacity. The September value of 49.8

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Italy’s manufacturing sector reportedly intensified while Greece and Ireland logged manufacturing growth in November. Suppliers continue to have capacity. Austria was indicated as the worst performer, followed by Germany and France. Companies are still managing outputs appropriately as order softness continues.

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November 2022 PMI Indices Point to Further Global Wide Production Contraction

Supply Chain Matters

At the country level, Italy , Greece and France bounced back to 4-month, 2 month, and 3-month highs but remained in production contraction levels. Noted in the November report was that the rates of decline in output and new orders were: “.less less aggressive when compared to the near two-and-one-half year records seen in October.”