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Procurement Experiences, Trends and the Future!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Where is procurement, outsourcing, sourcing, supply chain, and purchasing going? Secondarily, we will include information from other procurement professionals and procurement firms about their experiences, what they forecast, and what they are seeing.

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

In both our summary and perspectives focused on August and July global PMI reporting , we echoed an increased trending toward declining global supply chain production momentum. Economists currently warn that these trends are subject to significant change as the rapidly increasing value of the U.S. export activities. .

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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

Of added concern, manufacturing powerhouses of France, Germany, Spain and Italy each had contraction level PMI values. Germany and Italy values were noted as being 25-month lows. The two recognized gauges of China’s manufacturing activity reflected differing perspectives and trending. Total new orders reportedly fell sharply.

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

From our lens, this trend may be an indicator of seasonal demand in that the final quarter is usually holiday related demand and spending. Germany reportedly remained the worst performer while faster declines were reported for Italy , Spain and Ireland. October’s reporting clearly reinforces this ongoing trend.

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Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

Digital transformation is delivering benefits to many of the world’s leading fashion companies, especially in Italy, where roughly half of the leading fashion concerns have implemented JAGGAER solutions. The procurement function also manages supplier relations, negotiations, competitive intelligence and key performance indicators.

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

Commenting on the outlook for 2024, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence noted in part: “ Given current order book trends, the overall picture from the survey is one of supply exceeding demand for many goods, which points to downside risks to production, employment and prices as we head into 2024.”

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December 19, 2023 Update

Freightos

More Resources Home December 19, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market.