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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

India has again demonstrated the highest level of PMI growth and the report authors point to Greece, Indonesia, Russia and Brazil as demonstrating stronger rates of expansion. Business sentiment has reportedly remained close to a nine-month high with noted added optimism in the intermediate and investment goods industry sectors.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Industry supply chain management and integrated business planning teams need to be diligent in their planning of resources and global capacity. pharmaceutical companies cutting back on production.

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Not up to Promethean Standards: Greece’s Pharmaceutical Supply Chain is Worryingly Weak

Elementum

Sales in Greece are down 20 - 25%, according to the Economist, which could lead to further unemployment if the low numbers persist. Whether or not Greece stays in the Euro, its supply chain problems will continue to plague Greek citizens and countries that rely on Greek products. A Sisyphean Task.

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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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Doing Business in Turkey

QAD

Its borders consist of Bulgaria, Georgia, Greece, Syria, and the Aegean and Mediterranean Seas. Industry drives a substantial portion of Turkey’s economy at 32.3% Primary manufacturing industries include textiles, food, automobiles, electronics, mining, steel, petroleum, construction, lumber and paper. in industry; and 54.9%

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

These latter two dimensions are a reflection of overall multi-industry supply network activity levels and momentum. We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. The February 2024 reading of 50.3 compared to a January reading of 50.0,

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World Shipping Body Toughens Their Emissions Targets

Logistics Viewpoints

The International Maritime Organization (IMO) adopted tougher greenhouse gas emission targets for the global shipping industry on Friday. The IMO is a United Nations agency responsible for creating a regulatory framework for the global shipping industry. The member states have agreed to tougher standards. The new pledge is squishy.