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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

Supply Chain Matters provides readers a further installment in our global supply chain assessment series in providing highlights on reported March 2024, and Q1-2024 global and regional production and supply chain PMI indices. This index closed Q1-2024 at 1.8 Morgan Global Manufacturing PMIĀ® ended March on an optimistic footing.

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World Bank Revises 2023 Global Growth But Downgrades 2024

Supply Chain Matters

In the not so optimistic category, the bank revised its 2024 global growth forecast to 2.4 The current forecast for 2024 growth is 0.8 That statement portends stubbornly high interest rates will likely extend into 2024. percent, down from the January estimate of 2.7 percent in 2023, compared to 4.1 percent in 2022.

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High Seas Troubles Affect Global Supply Chains, Part Two: Climate Risks

Enterra Insights

As a result, maritime shipping lies at the very heart of the global logistical system. According to Panama Canal Administrator Ricaurte VĆ”squez , “Dipping water levels could cost them between $500 million and $700 million in 2024, compared to previous estimates of $200 million.”[3] ” How bad have things become?

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Supply Chain Matters- This Week in Supply Chain Management Tech April 12 2022

Supply Chain Matters

MSC Acquires Bolloreā€™s Africa Logistics Unit. Closely held Geneva, Switzerland based global ocean container shipping firm MSC Mediterranean Shipping has reportedly agreed to acquire the African transport and logistics business of Bollore SA for a reported 5.7 The logistics business unit reportedly generated revenues of 2.1

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How Will Climate Change Impact Supply Chains in 2024?

Resilinc

Navigate the top climate change issues set to impact the supply chain in 2024. Now, it is predicted that 2024 has a 99% chance of ranking in the top five warmest years. In fact, Resilincā€™s CEO, Bindiya Vakil, named Climate Change as one of the top five supply chain megatrends for 2024. 2023 was the warmest year on record.

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Trends in Sustainability: Deglobalization will accelerate in 2024

Freightera

Freightera’s CEO, Eric Beckwitt Gives His Predictions on The Trends in Sustainability in 2024. Although interest rates are widely predicted to fall in 2024, and the freight recession may end, the multi-decade trend of moving manufacturing overseas, especially to China, may be largely over.

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This Week in Logistics News (May 4 ā€“ May 10)

Logistics Viewpoints

And now on to this weekā€™s logistics news. This has forced ocean carriers to avoid the sea and take a much longer route to Europe around the southern tip of Africa. Because going around Africa takes longer, shipping companies have had to add more vessels to ensure that they can transport goods on time and without cutting volumes.