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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Truck and rail transportation movements across the Mexico and U.S. Morgan Global Manufacturing PMIĀ® ended 2023 on a noted lackluster footing.

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

Supply Chain Matters provides our monthly highlights commentary and perspectives on published monthly global manufacturing PMI and supply chain activity indices. Now, with September and full Q3 reporting available, global manufacturing activity has officially fallen below the 50.0 Global Wide Production Activity. represented a 0.5

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Ten Supply Chain Predictions for 2023

NC State SCRC

Inventory will remain bloated for the first half of 2023, ā€“ and supplier relationships will be tested. These kinds of behaviors by buyers will come back to bite them in the future… Despite having more inventory ā€“ we wonā€™t stop having shortages. Mexico will become a destination hub for many companies in the US ā€“ but within reason.

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Can You Predict Supply Chain Disruptions in an Unpredictable World?

Logility

Prior to the pandemic, efficiency meant just-in-time manufacturing, but disruptions exposed the flaw in this approach. Rethink just-in-time inventory policies: There could be another pandemic or another war. Or you could near-shore to Mexico, Latin America, or other countries in Southeast Asia or the north of Europe.

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ERP Sustains Manufacturing during COVID-19

IQMS

The COVID-19 pandemic has pushed manufacturers to rapidly shift gears, from addressing work-from-home policies to managing extreme swings in demand and uncertain supply chains. In the process, it has highlighted an aspect of manufacturing ERP that is not as visible in more normal timesā€” business continuity.

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Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part Two

Supply Chain Matters

A China Plus sourcing stance has become ever more important as is longer-term alignment to government induced supply chain policies and legislation initiatives for deemed critical materials. Bloomberg reported in November 2022 that shipments of motor vehicles, computer parts and boats, manufactured in Mexico and destined for U.S.

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Surviving and Thriving in the Aftermath of the Great Resignation

QAD

The global pandemic forced companies to rethink employment policies on the fly, finding new ways to keep employees productive, engaged and, most of all, safe. According to the same BLS report, hires in durable goods manufacturing were down by 41,000, but this statistic doesnā€™t accurately reflect demand for workers. billion, Mexico $9.0