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Global Production Levels Falling At the End of 2023

Supply Chain Matters

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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Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Shipping costs are also expected to spike upwards. It raised its prowess from running mere factories to one that offered a complete value chain: from research and development to shipping and fulfillment. Drop Shipping Will Face a Decline. Hikes in tariffs and shipping rates will erase whatever profit margin they had in mind.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Pre -and post inventory levels, however, fell at a weaker rate with European manufacturers reportedly being less aggressive in de-stocking efforts.