The reading for the report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—at 62.0 (a reading of 50 or higher signals growth)—fell 7.1% compared to November’s all-time high reading of 69.1. The Services PMI grew for the 19th consecutive month,…
In its monthly Manufacturing Report on Business, ISM said that the report’s key metric, the PMI, was 58.7 (a reading of 50 or higher indicates growth), down 2.4% compared to November. This marks the 19th consecutive month of growth, at a slower rate, coupled with December…
IDC’s analysis of the need for improved forecasting pulls no punches, in explaining that manufacturers have been running supply chains for centuries, and, for nearly that entire period, it is something that they have agonized over, with this zinger to complete the working…
Irrespective of mode, rates will be escalating, with carriers controlling capacity and exercising leverage like never before. Given the shortage of manpower and labor pools across the spectrum of global logistics, supply chain managers will be struggling.
Rate Forecasts are always challenging for the rail and intermodal sector, says Jason Kuehn, vice president of the consultancy Oliver Wyman. But this one feels more difficult than most.
As 2021 nears a close, the supply chain continues to be in crisis with nearly 100 ships backed up and waiting to unload. With an ongoing labor shortage in dock workers and truckers, every potential solution creates new types of obstacles.
Shippers may expect a second year of big increases in 2022 for ocean contract rates, says Philip Damas director and head of the supply chain advisors practice at London-based Drewry.
Commerce reported that November retail sales—at $639.8 billion—were up 0.3% compared to October, while seeing an 18.2% annual gain. And it added that total retail sales, from September through November, saw a 16.2% increase compare to the same period a year ago.
New research from Supplyframe indicates that most Americans (64%) are planning to get an early jump on holiday shopping this year in hopes of beating possible shipping or other supply chain constraints.
For manufacturing, ISM is estimating a 6.5% 2022 revenue gain, trailing the 7.2% estimate, for 2021, made in its previous report in May 2021. And on the services side, the report said that its panelists are calling for 2022 revenues to see a 4.3% annual gain, in line with…
Derik Andreoli, principal at Mercator International, notes that Goldman Sachs forecasts that oil prices could rise to $150 per barrel in 2022 under a full economic reopening scenario. By contrast, Deutsche Bank forecasts that prices will average just $60 per barrel.
The news has been bombarded with labor scarcities, supply shortages and port congestion. Often there is a lot of finger pointing, but limited explanation of what is happening and why.
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