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Eurozone Economy Now in Technical Recession

Supply Chain Matters

After revising both previously reported Q4-2022 and Q1-2024 GDP data, the European statistics agency Eurostat reported today that the combined 20-nation GDP for euro sector fell at annualized rate 0.4 According to reporting by The Wall Street Journal , sizable changes to data from Germany, Ireland and Finland prompted the revision.

Ireland 52
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UK’s Largest Independent Buying Group & Top N. Ireland Wholesaler Both Sign With RELEX Solutions

RELEX Solutions

The system also allows the Group to mine data for useful metrics, such as sales-to-space, inventory on-shelf, brand-to-space and profit breakdowns. The Northern Ireland-based wholesaler recognised similarities between its relationship with Today’s Group and with its own customer network of independent stores.

Ireland 28
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The Global Trade Compliance Market is Crazy!

Logistics Viewpoints

Many multinationals have engineered their global supply chains to minimize taxation by creating subsidiaries in low taxation nations like Switzerland, Ireland, and Singapore. Companies who have experienced these delays often add inventory across their network to buffer the risk. This adversely affects a company’s cash flow.

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SKU Rationalization: What Is It and Why Is It Needed?

Vanguard Software

As a result, many organizations end up experiencing greater inventory and holding costs, stacking up additional time and inefficiencies. For example, Unilever found that SKU variance in their UK and Ireland operations accounted for 20% of their inventory but only contributed 5% to their sales. Benefits of SKU rationalization.

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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 August data indicated that Greece and Ireland were the only two countries to record production improvements during August. The inventories index decreased 2.1 The reported August value was 43.5,

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. Commenting on the October data, Bennett Parrish, Global Economist at J.P. down from the 49.2 in October.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Commenting on the November data, Bennett Parrish, Global Economist at J.P. reported in October to 56.0 in November.