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Mid-Year Assessment of 2022 Supply Chain Sourcing Predictions- Part Two

Supply Chain Matters

Restoring More Direct Control in Materials Sourcing. Prediction Two of this year predictions indicated the following: Restoring More Direct Control in Strategic and Tactical Direct Material Sourcing Will be the Driving Force for Businesses and their Supply Chain Management Teams in the Coming Year. Mid-Year Assessment.

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Global PMI Levels in July Remain of Concern

Supply Chain Matters

Further indicated were signs of weakness occurring in China , Japan , Malaysia, South Korea , Taiwan and Vietnam. Source: S&P Global and Other Sources. Report authors noted that sector data of new orders indicated that contraction occurred across consumer, intermediate and investment goods industries.

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Top 6 Wholesale Distribution Trends for 2019

EMERGE App

Business costs will rise for those who are sourcing some or most of their raw materials or goods from China. China, Thailand, Vietnam, Indonesia, and Malaysia produced Japanese branded goods. For example, Vietnam supplies replacement exports for frozen shrimp, leather goods, bags, and furniture. So, the inevitable will happen.

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Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Examples are: Samsung Electronics , which is shifting part of its domestic phone production to Vietnam due to the rapid advance of COVID-19 in South Korea. It is also airlifting parts from China to its Vietnam operations. It takes time to turn a moving ship around, though, so this will not happen immediately.

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

South Korea. We continue to make mention of the S&P Global South Korea Manufacturing PMI® which continues to reflect a theme of a quickened downturn in the country’s manufacturing sector. The September PMI value fell deeper into contraction at a reported value of 47.3, slipping 0.3 percentage points from July’s value.

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Chinese New Year Shutdown 2020: How to Prepare

ShipBob

In mainland China (and even in other countries that celebrate the holiday such as Indonesia, Malaysia, North Korea, Singapore, South Korea, Vietnam, and Brunei), the Chinese New Year holiday is a very big deal. For some Americans, the holiday comes and goes without them even noticing.

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Relatively Cautious Global Production and Supply Chain Indices for February 2022

Supply Chain Matters

This index complies a data set of 2 chosen variables for each of the economies of the Eurozone , China , Japan, South Korea , Taiwan, the United Kingdom and the United States. The IHS Markit Vietnam Manufacturing PMI® rose again to a level of 54.3 Federal Bank of New York. Inflationary pressures reportedly remain a concern.