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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. Other businesses across industry sectors will seek to achieve 2024 growth by seizing added market share. Truck and rail transportation movements across the Mexico and U.S.

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

Morgan indicated in part: “ An improving orders-to-inventory ratio and upward momentum in both new export business and employment all suggest the underlying dynamics of the manufacturing sector are also moving in the right direction. Noted was a sustained rise in production levels and a further drop in backlogs of work.

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Supply Chain Resilience: The Essentials And The Non-Negotiables

ThroughPut

Businesses can no longer afford to function based on a linear “push” model – where they procure raw materials, produce goods, and go to market with what they have, whenever they have it. You can minimize costs across the supply chain (procurement, production, and distribution).

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Global Manufacturing PMI Levels Rise in January 2024

Supply Chain Matters

Quicker declines in finished goods inventories and a softer reduction in pre-production stocks were noted. That followed the December headline of sustained improvement in manufacturing conditions. Transit to and from the Panama Canal further remains constrained by lower basin water levels brought about by climate drought conditions.