Global Production Levels Falling At the End of 2023
Supply Chain Matters
JANUARY 8, 2024
Suppliers continue to have capacity, Eighty-four percent of manufacturing gross domestic product (GDP) contracted in December, up from 65 percent in November. The pivotal turning point in the inventory cycle is a key factor for initiating a recovery. These nations reportedly account for 98 percent of ASEAN manufacturing value added.
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