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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Global Manufacturing Output Levels Strengthen Global-wide manufacturing levels as depicted in the J.P. Morgan Global Manufacturing PMIĀ® ended March on an optimistic footing. Of further significance was the March report indication that the rate of growth in global manufacturing output has accelerated to a 21-month high.

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The Pullback From China: Will it Be Harder for SMEs?

Logistics Bureau

Whether to relocate supply or manufacturing from China to another low-cost country or switch to a near-shoring or re-shoring strategy is not a decision to take lightly. Some of the most notable include: Steve Madden , shoe and bag retailer: Moving production to Cambodia, Brazil, Mexico, and Vietnam.

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New Balanceā€™s Added U.S. Manufacturing Presence

Supply Chain Matters

The Supply Chain Matters blog highlights this weekā€™s announcement from athletic footwear designer and manufacturer New Balance of the grand opening of this companyā€™s fifth production facility in North America. In a published Supply Chain Matters at the time , we pointed out that despite knowledge that manufacturing shoes in the U.S.

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The VF Corporation Invested in Supply Chain Agility Before COVID Made ā€œAgilityā€ the New Buzzword

Logistics Viewpoints

VF had committed itself to largely selling goods to consumers in the same region they are manufactured in. In Asia, Vietnam and Bangladesh are more important sourcing locations. VF is having conversations with fabric manufacturers to encourage them to produce more fabric in factories outside of Asia.

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Why SMEs May Lead a Shift Away from China Sourcing

Logistics Bureau

Heading the list of alternative manufacturing hubs are Vietnam, India, Thailand, and Mexico. Around three decades ago, Western companies began moving manufacturing and sourcing to China for one reason: costs. A Kearney study showed a ā€œparticularly sharp declineā€ in manufacturing imports from China to the US in 2019.

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

Supply Chain Matters provides monthly highlight commentary and perspectives on published October 2022 global manufacturing PMI and supply chain activity indices. Now, October reporting data reinforces global-wide contraction levels in production and new orders, along with manufacturing recession conditions now acknowledged for Europe.

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Added Evidence of Emerging Regionalization of Global Supply Networks

Supply Chain Matters

Locations that have benefitted from this sourcing shift are noted in the report as Vietnam and Mexico , the latter being a preferred nearshoring or friendshoring alternative. As an example, the authors point to Vietnam gaining ground in electronics, apparel and textiles, while Mexico has been increasing U.S. supply chain activity.