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Source: Various published PMI reporting, 2024 and compiled by Ferrari Consulting and Research Group LLC This same global wide indicator ended 2023 at a value of 48.8 The consumer goods sector was contrasted with output rising for the seventeenth consecutive month. and thus 2024 provided a 0.8 On a year-over year basis, this index rose 1.1
Back in 2015, Nestlé committed itself to “be an industry leader in determining where the seafood [in its supply chain] is coming from and demanding it is Sourced Responsibly.” 4] “ Responsible Sourcing of Seafood – Thailand Action plan 2015-2016. .” The fishing industry case study. “[5]. Footnotes.
The cost of recovery from a disruption in procurement management depends on factors such as supply source, volume, manufacturing location and inventory. Supply chains that rely on a single source are now more likely to experience disruptions. Rushing the Launch of New Systems and Protocols.
Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. But it’s already happening as wholesalers, distributors, and importers source alternatives from other countries and place tentative orders. For example, leather goods, woodcrafts and furniture from Myanmar and Indonesia.
The bottom three were listed as Poland , Taiwan and Myanmar. . Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. The top three regions exhibiting PMI growth were that of India, Australia and the Netherlands. Select Regional Highlights. United States. down from the 52.7
From local truck transportation to global supply chain management systems, from produce sourcing to consulting based on practical experience to outsourcing, C.H. Integrated technology gathers data from all parts of the supply chain and provides full visibility to orders and costs. Marshall Islands. Martinique. Mauritania. Montenegro.
Other Asian Nations The S&P Global ASEAN Manufacturing PMI is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The Caixen China Manufacturing PMI , reflective of private and mid-market industries reported an April PMI reading of 51.4, an increase of 0.3
By consolidating at the source, several shipments can be combined into one, thereby reducing the number of shipments even before the shipments arrive at the Logistics Service Provider (LSP). Supply Chain Movement and software vendor Eyefreight have developed this checklist to provide to pinpoint the key drivers of Freight Spend Management.
However, there must be consensus within the organisation about definitions and the right source of information for important reports. S&OP fosters clear and unambiguous communication and this strengthens teamwork. Answer the 10 questions below to gain insight into the current added value and the potential of S&OP for your company. >>Please
Other Asian Nations The S&P Global ASEAN Manufacturing PMI ® is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar , the Philippines, Singapore, Thailand , and Vietnam. The HCOB Germany Manufacturing PMI® registered a four month high May value of 45.4 compared to an April value of 42.5. The May index of 51.7
The sourcing department is challenged by increasing compliancy issues. Marshall Islands. Martinique. Mauritania. Micronesia, Federated States of. Moldova, Republic of. Montenegro. Montserrat. Mozambique. Netherlands. Netherlands Antilles. New Caledonia. New Zealand. Norfolk Island. Northern Mariana Islands.
Sourcing from far-flung countries such as China is leading to growing uncertainty about the actual supply of purchase orders. Marshall Islands. Martinique. Mauritania. Micronesia, Federated States of. Moldova, Republic of. Montenegro. Montserrat. Mozambique. Netherlands. Netherlands Antilles. New Caledonia. New Zealand. Norfolk Island.
The benefits of utilising modern-day FTAs include fewer customs duties, less red tape, access to public tenders, sourcing opportunities, investment opportunities and more transparent business conditions. It lays the foundation for gradual alignment of norms and standards, including on food safety and technical regulations. Marshall Islands.
From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The top producing nations by notion of highest PMI levels were noted as India, Indonesia, Myanmar, Greece and Russia. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.
New order growth reportedly accelerated at the fastest in nearly three plus year, which is a likely indication that this region has become the new go-to for China Plus product sourcing strategies. This index is a compilation of seven termed ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Ethical Sourcing Forum (New York, NY). Presentations on successes achieved improving labor conditions in China were subsequently followed by the challenges of doing business in the very new – and inherently risky – labor market of Myanmar. EUISSCA Alliance Sustainable Sourcing Conference 2016 (New Orleans, LA).
This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Declines in the manufacturing sector were noted for Myanmar , Thailand , and Malaysia. These nations reportedly account for 98 percent of ASEAN manufacturing value added. by the end of the year.
Source: S&P Global Intelligence and compiled by The Ferrari Consulting and Research Group 2024 Select Regional and Country Highlights Eurozone Manufacturing Contraction Continues The HCOB Eurozone Manufacturing PMI® report for September was headlined with euro area manufacturing activity falling at its steepest pace thus far in 2024.
We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. Contrasting Reporting for U.S. in January, and 49.7
Other Asian Nations The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam was reportedly unchanged in June at the value of 51.7. The reported notion of global business optimism dipping to an eight month low is noteworthy.
Source: JP Morgan and S&P Global Market Intelligence, 2024 Select Regional and Country Highlights India The HSBC India Manufacturing PMI® August report was headlined with India based manufacturers signally substantial but softer increases in new business and production levels. in July to 51.1
Source: JP Morgan and S&P Global, December 2023 Key Highlights in Regional PMI Reporting India’s Manufacturing Sector Accelerates Overall manufacturing activity across India accelerated in November after a deceleration in October. Commenting on the November data, Bennett Parrish, Global Economist at J.P. value reported in October.
The bottom three were listed as Poland , Taiwan and Myanmar. On the positive side, rates of input cost and output price inflation again eased, similar to that reported for July. The top three regions exhibiting PMI growth were noted as India, Australia and Thailand.
Other Asian Nations The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam reportedly grew marginally in July at the value of 51.6. This particular index rose to a two-year high of 52.1
This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar , the Philippines , Singapore , Thailand , and Vietnam. Improvement Among ASEAN Manufacturers Similar to what Supply Chain Matters highlighted in our November and December PMI highlights, we include for our readers the S&P Global ASEAN Manufacturing PMI®.
This index is a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand , and Vietnam. Deterioration Among ASEAN Manufacturers For this highlight of October PMI activity, we wanted to include for our readers the S&P Global ASEAN Manufacturing PMI®.
The two companies – along with other supermarket firms including Carrefour, Walmart and Tesco – are accused of selling shrimp sourced from farms in Thailand in the knowledge that such farms are routinely involved in human trafficking and forced labour.
Crisis Response – At the outset of the crisis, it’s easier to visualise a horizontal and linear supply chain with the 4 flows disrupted and adversely affecting the Core Supply Chain Functions, of Planning, Sourcing, Production, Distribution, last mile Deliveries and returns management or reverse logistics. Diversification.
Companies like Nike and Disney have publicly stated that they are not going to Bangladesh for apparel sourcing in the future. That’s considered high pay when you look at Myanmar, where people are paid as little as 40 cents to $1.10, but that’s only if they have perfect attendence, meaning coming in seven days a week.
Considering that the world’s population is increasing by one billion people every 11 to 12 years, losing any source of food is big problem. .”[1] Recently, it seems like the world is filled with violence and conflict. I was recently struck by arguments presented by Arif Husain ( @WFPChiefEcon ), Chief Economist at the U.N.
The most obvious way to create social responsibility might be just to avoid sourcing markets with low social standards. But as any buying agent who has visited Bangladesh knows, things aren’t much better when you visit factories in other parts of Asia, including Myanmar, Pakistan, China, Indonesia, or India.
Spearheaded by the Russian invasion of Ukraine , governmental and international bodies, fronted by the Office of Foreign Sanctions Implementation (OFSI), European Union (EU) and Office of Foreign Assets Control (OFAC) , hammered Russia with an unprecedented volume of sanctions in the hope of thwarting Russian aggression towards Ukraine.
Collective Asian Regions The S&P Global ASEAN Manufacturing PMI® , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar , the Philippines , Singapore , Thailand , and Vietnam reportedly held steady at 50.5 In addition to new business, new export orders reportedly increased in the latest month. That value contrasts with 51.1
Source: S&P Global and J.P. Other Asian Regions The S&P Global ASEAN Manufacturing PMI , a compilation of seven ASEAN nations- Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam reportedly slipped to an 11-month low in January amid indications of new orders and output moderation levels.
Source: S&P Global Intelligence and JP Morgan, 2024 Select Regional and Country Highlights United States The S&P Global U.S. Presidential election decided in favor of Donald Trump, new aspects of unknowns are introduced for global wide trade developments and of domestic production sourcing. for the month.
Noted was that India, Ireland and the Philippines experienced the largest production and PMI growth levels in April while Mexico, Canada, Myanmar and the United Kingdom experienced the highest overall production contractions. Sources: S&P Global Intelligence and various other reported PMI indices. down from the value of 50.8
Source: JP Morgan and S&P Global Intelligence, 2025, Compiled by The Ferrari Consulting and Research Group Regional and Country Highlights India Among manufacturing regions, manufacturing conditions in India remain as the strongest globally. The reported February reading achieved a seven-month high of 51.5, up from 50.4
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