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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

The August numbers once again signal a continued downturn in global manufacturing conditions as output and new order rates continue to fall. From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. That stated, global output levels fell for the third consecutive month.

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Apple Supplier Foxconn Had Stated Concerns Related to China’s Covid Measures

Supply Chain Matters

The ongoing developments directly or indirectly related to Apple ’s reported intentions to now source the company’s hardware component and assembly production to other countries beyond its current concentration within China continue to unfold. . Latest Developments.