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Supply Chain Matters provides readers with December 2024, Q4-2024 , and year-end global supply chain assessments as reported by various global wide PMI reporting. Morgan and S&P Global Market Intelligence reported a continuation of contractionary activity levels in the final month of 2024. for December, down from a 50.0
The Supply Chain Matters blog provides observations and additional information perspectives related to the 2025 State of Logistics report. The report points to an upcoming period of high uncertainties along with the need to fundamentally rethink supply chain resilience as a strategic imperative. Costs in all of 2024 rose a reported 5.4
Inspired by McKinsey’s 2020 consultancy report, which emphasizes transforming supply chains rather than temporary fixes, we believe a comprehensive approach to reskilling supply chain professionals is essential to meet future demands. Dr. Tan obtained his PhD in Operations Management from Nanyang Technological University in 2005.
Fortunately, journalist Bridget McCrea reports, “Companies are thinking differently about how they design and orchestrate their supply chains. By doing it, you’ll get a chance to use predictive analysis, which is proven to be pretty insightful.”[6] .” Without a paradigm shift (i.e.,
Supply Chain Matters provides a further global supply chain assessment in the highlights and added insights on reported November 2023 global and regional production and supply chain PMI indices. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. reported in October. in November.
Meanwhile, countries in Southeast Asia, such as Vietnam and Cambodia, are enjoying growth as offshore manufacturing centres. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.
Supply Chain Matters provides a further global supply chain assessment in the highlighting and added insights on reported October 2023 global and regional production and supply chain PMI indices. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. value reported for September.
In this Supply Chain Matters commentary, we highlight quantitative data related to global and regional supply chain production activity levels in May 2022, as depicted by the reported PMI indices. Key reported findings point to output declines, lackluster new order inflows and international trade volume declines. reported for April.
Supply Chain Matters highlights report that Volkswagen luxury branded vehicles were impounded by U.S. Background Supply chain ethical and social responsibility, that which umbrellas ESG conformance, have increasingly become a concern for businesses, large and small, along with their procurement organizations.
When people think about supply chain, purchasing is usually the first thing that comes to mind, but all of your enterprise’s operations fall under the same umbrella. That includes front-end forecasting and planning, procurement, manufacturing, logistics and import/export. The benefits of this practice remain clear today.
Supply Chain Matters provides readers with a further installment in our global supply chain assessment series, specifically in providing highlights on reported July 2024 global wide PMI activity levels. Report commentary by Bennett Parrish, Global Economist at J.P. Product demand levels are essentially focused on domestic market needs.
Among developing regions, a continued near-term challenge are increasing rate of infection related to the BA2 COVID-19 variant and its impact on low-cost production regions, coupled with added transportation delays and disruption. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. reported for January.
Supply Chain Matters provides readers with a September and Q3-2024 global supply chain assessment focused on reported global wide PMI activity levels. The reported September data provides added reinforcement of a global manufacturing slowdown occurring at the end of Q3-2024. The reported September value declined to 45.0
Supply Chain Matters provides a monthly highlights of reported January 2024 global and regional production and supply chain PMI indices. Overall, global activity reportedly showed signs of increased production output and corresponding activity levels, but the gains were mostly in developing and lower-cost regions. increased 1.1
Supply Chain Matters provides readers and clients with a further installment in our global supply chain assessment series in providing highlights on reported June and Q2- 2024 global PMI activity levels. Of the 30 nations that were included in the June reading, India, Russia and Vietnam were the three most positive PMI readings.
The company’s Chief Operating Officer, Chief Financial Officer, and Assistant Procurement Manager shared their experiences in tackling procurement challenges and explained how Precoro provided the solution. Moreover, all analyses and reports were done manually using Excel.
Supply Chain Matters provides readers with a further installment in our global supply chain assessment series, specifically in providing highlights on reported August 2024 global wide PMI activity levels. Global Manufacturing Output Levels Global-wide manufacturing levels as reported by the J.P. This composite index produced by J.P.
The life of coffee begins with growers in the likes of Brazil or Vietnam. A lean business looking to build efficiencies would do well to try and improve this metric. A metric to determine how many days it would take to run out of supply if you did not replenish your stock. How to calculate: Total transportation costs (i.e.
Supply Chain Matters highlights contract manufacturing services provider Foxconn ’s reported Q2-2024 financial performance in light of a broader strategy to diversify the company services beyond that of Apple. This report indicates that “ Foxconn has invested hundreds of millions of dollars in E.V.-related
An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.
Supply Chain Matters provides our monthly highlights commentary reflecting on May 2023 reported global and regional PMI indices. Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The reported value of 49.6 was unchanged as that of April as well as March. in April to 58.7
Morgan Global Manufacturing PMI® report, a composite index produced by J.P. The report pointed to underlying fundamentals remaining weak as new order volumes stagnated while business optimism was note as falling to a reported two-year low. reported at the end of March, and a 52.3 value reported for May.
Supply Chain Matters provides highlights perspectives and added insights on reported August 2023 global and regional production and supply chain PMI indices. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The August reported value rose to a three month high of 49.0 reflecting a 0.8
Supply Chain Matters provides a further installment in our global supply chain assessment in the highlights on reported December 2023, Q3-2023, and full year global and regional production and supply chain PMI indices. With the December 2023 report, global PMI levels have remained below the 50.0 The reported December value of 47.9
Supply Chain Matters provides highlights of February 2023 reported global and regional PMI indices which appear to indicate some stabilization within global supply chain networks. Global Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The reported 50 value for February was up 0.9
Supply Chain Matters provides readers a further installment in our global supply chain assessment series in providing highlights on reported April 2024 global PMI activity levels. Report authors noted that this global wide index has been above the 50.0 Input cost and output price inflation reportedly accelerated. a decline of 1.1
Define your procurement response strategy. Many countries have closed shops for non-essential and discretionary purchases, and even where they are open, consumers may be cautious about venturing to the high street, preferring to shop online. Adapting to the present and future challenges of COVID-19.
Supply Chain Matters provides highlights of reported February 2024 global and regional production and supply chain PMI indices. Report commentary further indicated that while global consumer goods production levels features solid monthly growth, both the intermediate and investment goods sectors were marginal in growth.
Supply Chain Matters provides highlights and perspectives on reported July 2023 global and regional production and supply chain PMI indices. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The July reported value of 48.7 The July reported value of 48.7 declined 0.7
While the YESS audit of spinners and mills can be done to similar standards as cut & sew, one difference is that many brands do not purchase fabric or yarn directly, and hence do not have a direct business relationship with mills in their supply chain. These facilities are located in India, Malaysia, Pakistan and Vietnam.
While the YESS audit of spinners and mills can be done to similar standards as cut & sew, one difference is that many brands do not purchase fabric or yarn directly, and hence do not have a direct business relationship with mills in their supply chain. These facilities are located in India, Malaysia, Pakistan and Vietnam.
Apart from this, Statistica reports suggest that the revenue of the Philippines eCommerce market is expected to have an annual growth rate of 16.7% (CAGR 2020 – 2025), leading up to the rise of market volume to US$7,665m by 2025. Lower Handling Costs. million customer visits a month.
Apart from this, Statistica reports suggest that the revenue of the Philippines eCommerce market is expected to have an annual growth rate of 16.7% (CAGR 2020 – 2025), leading up to the rise of market volume to US$7,665m by 2025. Lower Handling Costs . million customer visits a month.
As Simon Gale, Executive Vice President at supply chain procurement services firm Proxima, and others have come to observe : “ The reality of global supply chains is that onshoring to the point of self-sufficiency is not possible, hence a complex web of stimulating investments and strategic supply chain partnerships. ”
In the UK, the National Health Service faced a scandal early in the pandemic after purchasing about $500 million worth of PPE from Supermax, a Malaysian firm identified as using forced labor. The UK, EU and U.S. Norway’s Transparency Act and The Netherlands’ Child Labour Due Diligence Law will impose similar penalties, according to Holland.
With manufacturers now electing to source more production in regions such as India and Vietnam , or in nearshored areas of Mexico or Northern Europe , the notions of changing global supply networks have implications going forward, not only for FedEx, but other global based carriers. This remains a significant challenge for FedEx.
This was evident in the apparel industry, where brands such as Nike faced delays after tariffs on Chinese textiles prompted a shift to suppliers in Vietnam and Bangladesh. The company reportedly plans to shift 15% to 20% of its production to India and Vietnam by 2026, reducing exposure to U.S.China tariffs. Agriculture U.S. A 2025 U.S.
By bringing procurement and project management under one umbrella, businesses can streamline operations, speed delivery, and drive growth that lasts. This guide explores the benefits of project procurement management and outlines key steps for creating a Project Procurement Management Plan (PPMP) that drives business growth and innovation.
In our continuing series, Supply Chain Matters provides readers with highlights of monthly reported global and regional wide PMI activity levels. Global Manufacturing Output Levels Global-wide manufacturing levels as reported by the composite index produced by J.P. reported for September. The reported October value of 46.0
Supply Chain Matters highlights recent data regarding China s reported trade deficit and export trade volumes and the implications to industry supply network strategies in 2025. Already in January, added data being reported provides evolving implications or sourcing strategy considerations. trillion, an increase of 5.9 administration.
Prediction Background In our prior published 2023 and subsequent 2024 research advisories, we had previously predicted that businesses and their strategic supply management teams were already executing termed China Plus sourcing actions as a means for increased supply network resiliency. billion in funds.
Global Wide Manufacturing Global-wide manufacturing levels as reported by the composite index produced by S&P Global Market Intelligence was headlined with global manufacturing moving back into expansion during the final month of the second quarter. reported for May. reported for April. up from the 49.5 in May and of 58.2
Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. Labor and human rights is much trickier to monitor through purchasing policies.
In our continuing global assessment series, Supply Chain Matters provides readers with highlights of the November 2024 monthly reported global and regional wide PMI activity levels. Global Wide Manufacturing Output Levels Global-wide manufacturing levels as reported by the J.P. reported for October. reported for October.
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