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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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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 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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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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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].

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Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. And Chinese companies will spearhead much of this change. Armed with their experience and know-how, they will set up joint venture companies or build new factories. So, the inevitable will happen.