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Enter RCEP: The World’s Largest Free Trade Agreement

Logistics Viewpoints

First conceived at the 19 th ASEAN (Association of Southeast Asian Nations) Summit in Bali, Indonesia, way back in 2011, the Regional Comprehensive Economic Partnership (RCEP) finally came into fruition on November 15 at this year’s 37 th ASEAN Summit. billion people.

Japan 130
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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. along with Vietnam, Thailand and Indonesia. The HSBC India Manufacturing PMI® (renamed in December) climbed to a noted 16-year high level of 59.1

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

Output reportedly rose in China, India, Brazil and the United States , while declines continued in the Eurozone , Japan and the United Kingdom. India again led all other regions, while Germany and Austria remain at highest levels of PMI contractionary levels. The HSBC India Manufacturing PMI® rose from 56.5 in January, and 49.7

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

are reporting that they are being inundated with requests from importers seeking to use provisions such as the “321 de minimis” rule, which allows goods worth less than $800 to be shipped to the U.S. Southeast Asian countries, Taiwan and India have become alternative manufacturing locales or sources of supply. Conclusion.

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Output reportedly rose in China , India and Brazil and fell more slowly in the Eurozone , Japan and the United States. India led all other regions in overall PMI growth while Austria, Czechia and France were the bottom three contractionary conditions. The HSBC India Manufacturing PMI® recovered from a noted 18 month low level of 54.9

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

Key Highlights in Regional PMI Reporting India’s Manufacturing Sector Declines Overall manufacturing activity across India declined in December after accelerating in November. The HSBC India Manufacturing PMI® ( renamed in December ) declined 1.1 India remains the hot spot for emerging market manufacturing economies.

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The Pros and Cons: International and Domestic Sourcing

Unleashed

Low-cost country sourcing is a procurement strategy that falls under a broad category of procurement efforts called global sourcing. Shipping costs. While shipping is a fairly economical method, the overall cost analysis of low-cost country sourcing and domestic sourcing is critical to the overall cost equation.