Remove Greece Remove Procurement Remove Warehousing
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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. As a contrast, Bloomberg recently reported that many warehouses and industrial parks in China are grappling with a surprising slowdown in business activity.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

Further concerning was that the volume of warehouse finished goods inventories rose to the greatest extent in four months. Counties reaching PMI new highs were noted as Greece and Spain with Italy having expansion level activity levels in March. New export orders also fell.

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Global Wide Production PMI Levels Unchanged in February 2024

Supply Chain Matters

After a long spell of reducing inventories in order to cut costs, factories are now increasingly rebuilding warehouse stock levels, driving up demand for inputs and pushing production higher at a pace not seen since early 2022.” Stronger performance was noted for Greece and Ireland , both reporting 24 and so month highs, respectively.