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Concerns Abound for Europe and Germany’s Manufacturing Sector

Supply Chain Matters

The four largest European manufacturing economies, namely Germany, France, Italy and Spain , collectively remained at production contraction levels. We trust that German ingenuity and adaptability remains a constant as is the country’s catalyst for manufacturing activity growth at some point in the not too distant future.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

along with Vietnam, Thailand and Indonesia. Modest expansion were noted for Spain and Italy while the remainder of Euro countries “ remained mired in contraction.” This index is a compilation of seven termed ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. reflecting a 1.3

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Global Production Levels Falling At the End of 2023

Supply Chain Matters

From a positive note, report authors noted softer manufacturing deterioration in Germany and Italy in December. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. A prior downturn in Vietnam moderated during December. by the end of the year.

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Global Manufacturing Activity Levels Stabilize in February

Supply Chain Matters

Counties reaching new highs were noted as Italy, noted as reaching a ten month high, Greece, Ireland and Spain. Vietnam The S&P Global Vietnam Manufacturing PMI® returned to expansion level with a reported value of 51.2 percentage points below January’s value of 48.8. for February compared to January’s value of 47.4.

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October 2022 PMI Reporting Points to Global Wide Manufacturing Contraction

Supply Chain Matters

At the country level, Spain, Germany and Italy reported 29-month lows in PMI activity. The S&P Global Vietnam Manufacturing PMI® declined to 50.6 Noted in the October report was that the sub-indexes of output and new orders fell at rates, “ rarely surpassed across 25 years of PMI data collection.” for October, compared to 52.5

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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

Germany reportedly remained the worst performer while faster declines were reported for Italy , Spain and Ireland. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. percentage point increase from the 44.3 value reported for September.

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GrandVision: “We are changing completely as we become demand driven”

Supply Chain Movement

Now we have 4,000 SKUs carefully segmented into 21 exclusive high quality brands, which we sell globally, and 16 suppliers that are currently in China and Italy. We are transitioning our Chinese supplier base to other regions such as Bangladesh and Vietnam for labour cost and quality reasons.