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Global Production Levels Falling At the End of 2023

Supply Chain Matters

Commentary from Anthony Fiore, Chair for ISM’s Business Survey Committee noted in-part: “ D emand remains soft, and production execution is stable as compared with November as panelists’ companies continue to manage outputs, material inputs and labor costs. These nations reportedly account for 98 percent of ASEAN manufacturing value added.

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So Your Supply Chain is Banning Bangladesh….and Going to Cambodia?: “The Ugliest Race to the Bottom”

Supply Chain View from the Field

Companies like Nike and Disney have publicly stated that they are not going to Bangladesh for apparel sourcing in the future. But that leaves these companies with what other options? This is nothing short of slave labor, and apparel companies are going to have to come together as a group and drive community-based changes.

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Doing Business in Thailand

QAD

Its bordering countries include Myanmar, Cambodia, Laos and Malaysia. In addition, companies pay 5% to cover employer paid social security, 3.3% Many companies find it takes about 229 hours to compute and manage the various taxes. Once known as Siam, Thailand became a constitutional monarchy in 1932. Manufacturing in Thailand.

Thailand 100
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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Production execution surged compared to January and February, as panelists’ companies reenter expansion.” Mexico Production Level Unchanged We wanted to include in our highlights of March and Q1-2024 PMI highlights the S&P Global Mexico Manufacturing PMI®.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

According to the latest report: “ Surveyed companies commonly reported positive demand trends, greater client requirements and favorable market conditions.” Eurozone Factory Downturn Remains Strong The HCOB Eurozone Manufacturing PMI® report for November was headlined with declining new orders rates and rapidly depleting backlogs of work.

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Modern Slavery in Today’s Supply Chains

Kinaxis

As the Wall Street Journal (WSJ) reports , new rules recently announced by British lawmakers will require companies “to give an annual disclosure detailing efforts to root out slavery and human trafficking in their global supply chains.” So how is this going to solve the supply chain slavery issue?

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Slavery and Supply Chain Transparency

Enterra Insights

… As long as the price was cheap and the quality was good, companies saw little need to ask further questions.” ”[3] He also agrees with Ismail that technology leaves little squirming room for companies. It will also help the company avoid future scandals, thus mitigating a significant risk. “[5].