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Global Production Activity Levels Remain in Contraction at the End of 2024

Supply Chain Matters

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 At the end of 2024, global production and procurement activity levels are equivalent to the beginning of 2019, the year prior to the Covid-19 global pandemic. (

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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

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.

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Global Wide Manufacturing Output Strengthens in March 2024

Supply Chain Matters

India has again demonstrated the highest level of PMI growth and the report authors point to Greece, Indonesia, Russia and Brazil as demonstrating stronger rates of expansion. Observed was that manufacturing conditions across Greece have improved to the sharpest extent in two years. along with Vietnam, Thailand and Indonesia.

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How Learning a New Language Can Benefit Your Career in Supply Chain Management

SCMDOJO

When you have a plethora of different information coming from foreign sources, keeping things clear is essential! When you talk to fellow SCM specialists in Greece or try to secure a safe logistics chain somewhere in the Middle East, you have to understand the culture. – Estimation of Socio-cultural Aspects.

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Eurozone Economy Now in Technical Recession

Supply Chain Matters

Besides Germany , Greece , Lithuania , Malta , Ireland and the Netherlands experienced quarter on quarter GDP declines. Reuters indicated in its reporting this week that the Eurostat revision of Q1 data was principally due to the revised estimate from Germany’s statistics office indicating two subsequent quarters of GDP contraction.

Ireland 52
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Upturn in Global Manufacturing in June- Cautionary Signs Prevail

Supply Chain Matters

Various industry supply chain and procurement management teams are obviously going to have to differentiate as to two different narratives presented in these separate reports. Greece experienced the highest PMI growth in the Euro sector followed by Spain and the Netherlands. This country’s PMI value slipped to 43.5 in June from 45.4

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

We view such an indicator as clear evidence that sourcing for lowest cost manufacturing is again apparent among multi-industry supply networks. Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively. Contrasting Reporting for U.S.