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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

New order growth reportedly accelerated at the fastest in nearly three plus year, which is a likely indication that this region has become the new go-to for China Plus product sourcing strategies. This index is a compilation of seven termed ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

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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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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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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

Source: JP Morgan and S&P Global, December 2023 Key Highlights in Regional PMI Reporting India’s Manufacturing Sector Accelerates Overall manufacturing activity across India accelerated in November after a deceleration in October. Companies are still managing outputs appropriately as order softness continues.

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

Fiore further stated: “ Demand remains soft, but production execution is stable compared to September as panelists companies continue to manage outputs, material inputs and- more aggressively- labor costs. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam.

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August 2022 Global Manufacturing Indices- Declining Momentum Accelerating

Supply Chain Matters

The bottom three were listed as Poland , Taiwan and Myanmar. Of added concern, staffing levels among Chinese manufacturers reportedly fell for the fifth consecutive month as a number of firms cited company downsizing actions due to lower volumes of new orders.