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Source: Various published PMI reporting, 2024 and compiled by Ferrari Consulting and Research Group LLC This same global wide indicator ended 2023 at a value of 48.8 The consumer goods sector was contrasted with output rising for the seventeenth consecutive month. and thus 2024 provided a 0.8
source: It Makes Sense Blog. 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.
Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities like smaller vehicle sizes and less-than-full loads. Balancing consumer preferences for locally sourced products with logistical efficiency is crucial.
From local truck transportation to global supply chain management systems, from produce sourcing to consulting based on practical experience to outsourcing, C.H. Integrated technology gathers data from all parts of the supply chain and provides full visibility to orders and costs. Falkland Islands (Malvinas). Faroe Islands. French Guiana.
First it was the downturn in Southern Europe, followed by the economic crisis in Greece and now the devaluation of the Yuan. Here are some facts to consider as you build your case: 1) Market Volatility Has Never Been Higher. The hits keep on playing. The global economy is slowing, and volatility is rising.
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.
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. Observed was that manufacturing conditions across Greece have improved to the sharpest extent in two years. along with Vietnam, Thailand and Indonesia.
By consolidating at the source, several shipments can be combined into one, thereby reducing the number of shipments even before the shipments arrive at the Logistics Service Provider (LSP). Supply Chain Movement and software vendor Eyefreight have developed this checklist to provide to pinpoint the key drivers of Freight Spend Management.
However, there must be consensus within the organisation about definitions and the right source of information for important reports. S&OP fosters clear and unambiguous communication and this strengthens teamwork. Answer the 10 questions below to gain insight into the current added value and the potential of S&OP for your company. >>Please
When you have a plethora of different information coming from foreign sources, keeping things clear is essential! When you talk to fellow SCM specialists in Greece or try to secure a safe logistics chain somewhere in the Middle East, you have to understand the culture. – Estimation of Socio-cultural Aspects.
The sourcing department is challenged by increasing compliancy issues. Falkland Islands (Malvinas). Faroe Islands. French Guiana. French Polynesia. French Southern Territories. Guadeloupe. Guinea-bissau. Heard Island and Mcdonald Islands. Holy See (Vatican City State). Challenges for high-tech supply chain.
Sourcing from far-flung countries such as China is leading to growing uncertainty about the actual supply of purchase orders. Falkland Islands (Malvinas). Faroe Islands. French Guiana. French Polynesia. French Southern Territories. Guadeloupe. Guinea-bissau. Heard Island and Mcdonald Islands. Holy See (Vatican City State).
Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Reuters indicated in its reporting this week that the Eurostat revision of Q1 data was principally due to the revised estimate from Germany’s statistics office indicating two subsequent quarters of GDP contraction.
The benefits of utilising modern-day FTAs include fewer customs duties, less red tape, access to public tenders, sourcing opportunities, investment opportunities and more transparent business conditions. It lays the foundation for gradual alignment of norms and standards, including on food safety and technical regulations. Faroe Islands.
Source: S&P Global Intelligence and compiled by The Ferrari Consulting and Research Group 2024 Select Regional and Country Highlights Eurozone Manufacturing Contraction Continues The HCOB Eurozone Manufacturing PMI® report for September was headlined with euro area manufacturing activity falling at its steepest pace thus far in 2024.
We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively. Contrasting Reporting for U.S.
Greece experienced the highest PMI growth in the Euro sector followed by Spain and the Netherlands. With two quarters of PMI reporting, production activity levels have increased but indications of lowest cost sourcing strategies remain an influence in global production in addition to added supply network resiliency. in June from 45.4
RSF calculates each country’s Freedom of the Press score based on two sources: 1) quantitative research 2) journalist survey responses. The second source, the journalist survey is completed by at least 5 journalists in every country. To remain in line with these changes, EcoVadis updates its country risk scores annually as well.
However, we discern some added signs excess inventories and of production sourcing shifts. Source: S&P Global, April, 2023 Highlights of Regional Reporting Developed Regions Eurozone The S&P Global Eurozone Manufacturing PMI® fell again in March to a value of 47.3 compared to the February value of 48.5,
Counties reaching new highs were noted as Italy, noted as reaching a ten month high, Greece, Ireland and Spain. Report authors however, qualified that the domestic market demand was the prime source of activity growth. Manufacturing output volumes reportedly stabilized, after an eight month run of contraction.
Source: S&P Global Monthly PMI Reporting Highlights of Regional Reporting Continued High expansion in India Manufacturing activity levels across India remained at high expansion levels in May, outpacing all other regions. Reportedly Greece was the only member state to register an improvement in operating conditions.
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. Commenting on the November data, Bennett Parrish, Global Economist at J.P.
At the country level, Italy , Greece and France bounced back to 4-month, 2 month, and 3-month highs but remained in production contraction levels. Noted in the November report was that the rates of decline in output and new orders were: “.less less aggressive when compared to the near two-and-one-half year records seen in October.”
Reportedly, with the exception of Greece , all other EU countries registered PMI declines, with Germany and Austria having the fastest rates of production declines. average of the three months of Q3, declined 1.5 percentage points from the average of Q2, and a significant 4.8 percentage point drop from the average of Q1.
However the impact on Eastern and Southern European gas flows and prices would be more substantial with countries such as Greece forced to rely on gas reserves it has in storage. Source images: Wood Mackenzie. Trends Aimms analysis energy gas flow Ian Moran impact Liquefied Natural Gas LNG modeling Russia Ukraine Wood Mackenzie'
When you have a plethora of different information coming from foreign sources, keeping things clear is essential! When you talk to fellow SCM specialists in Greece or try to secure a safe logistics chain somewhere in the Middle East, you have to understand the culture. – Estimation of Socio-cultural Aspects.
Further, the two prior strongest manufacturing output performers thus far in 2024, Greece and Spain , reportedly lost momentum in July. For this region’s two largest manufacturing economies, Germany and France, PMI index values reportedly dropped three and six-month lows.
The only country with positive PMI growth was Greece , while Germany, France and Austria PMI levels were the lowest, Austria being 43.0 Further reductions in manufacturing employment were reported. Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. and France being 43.1.
The Athens olympic events in 2004 cost $15 Billion, a budget that helped drive Greece into debt. Source: Distractify. The 2008 Beijing Olympics, for example, cost about US $43 billion—a hefty tab, especially considering those facilities were later abandoned after little use. Logistics of Olympic proportions.
From wildfires in Greece and Hawaii to the tropical storm that dumped a record amount of rainfall on Los Angeles, extreme climate-related events have filled the headlines. Corporations need to understand climate conditions in locations where their raw resources are sourced. This year has been another wild one on the weather front.
Fortunately, Intelligent Audit will empower shippers to validate all these new charges providing corrections based on your contractual terms, make sense of all the data, consider all the surcharges, and help shippers realistically manage their global shipping costs with a single source of truth. 3 All LAC except Mexico and Puerto Rico.
Greece, home to more oil oil-tanker capacity than any other nation, cautioned its ship owners to think again if considering entering the Persian Gulf in the wake of U.S. airstrikes against Iran’s nuclear facilities. airstrikes.
Source: S&P Global and J.P. While Greece and Spain reflected increased manufacturing growth levels, France and Germany recorded continued manufacturing contractionary values. What remains clear at the start of 2025 is that India is benefiting greatly by needs for alternative product sourcing beyond China. increased 1.5
Source: S&P Global Intelligence, ISM and Other Sources and compiled by The Ferrari Consulting and Research Group Regional and Country Highlights India Among manufacturing regions, manufacturing conditions in India continued to be the strongest in output levels. Aluminum reportedly led to this increase followed by electrical items.
Specifically stated by report authors was: o f the 28 nations for which PMI New Export Orders data were available for April 2025, all except three (Germany, India and Greece) saw new export business decrease. Sources: S&P Global Intelligence and various other reported PMI indices. The April PMI value of 49.0
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