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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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China Flexes Its Global Logistics Muscle

Material Handling & Logistics

China aims to extend its logistics reach from the Pacific to the Atlantic through its One Belt, One Road initiative. The sheer size of the country’s “One Belt, One Road” logistics initiative, for instance, calls into question the true objective of the regional infrastructure plan. Like the country itself, China’s ambitions are massive.

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The Supply Chain Impact of Europe’s Refugee Crisis

Kinaxis

A crisis of this magnitude creates a mind-boggling supply chain and logistics challenge. Relief agencies normally spend as much as 80% of their proceeds on logistics and supply chain. According to a recent UNHCR report , nearly 60 million people were forcibly displaced in 2014 from countries such as Iraq, Eritrea, and Afghanistan.

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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. The March reported further pointed to improved supplier capacities and stock availabilities in March. New export orders also fell. Business confidence was noted as an upbeat outlook toward the remainder of 2023.

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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 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.”

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Global Production Activity Levels Unchanged In May But Provide Added Warning Signs

Supply Chain Matters

The latter has been reinforced by the April GSPI Index from the New York Federal Reserve , and now, the reported May GEP Global Supply Chain Volatility Index which indicated that “ for the first time since June 2020, global chain capacity is now underutilized, indicating a shift to a buyers’ market.