The report’s benchmark metric, the PMI came in at 47.8 (a reading of 50 or higher indicates growth), down 1.3% compared to January’s 49.1 reading, contracting, at a faster rate, for the 16th consecutive month.
Nearshoring efforts and climate impacts regularly disrupting supply chains are just two of the challenges facing the life sciences supply chain, and lives are at stake if it fails.
Thursday, February 22, 2024 · Mónica Pellerano, principal research, Gartner Supply Chain
Supplier quality leaders can drive supplier improvements beyond compliance requirements through a series of steps that do not require additional financial resources.
Supply chain execution, from one end to the other, is the new competitive edge, and this applies whether you are the brand or whether you are the retailer. Working collaboratively is the glue that holds it together.
Commerce reported that January retail sales, at $700.3 billion, were off 0.8% compared to December and up 0.6% compared to January 2023. NRF reported that January’s core retail sales, which it bases on Census data and excludes automobile dealers, gasoline stations, and…
With all the technology, labor issues and innovation taking place in supply chain, making it all work together is akin to a large-scale musical production.
Retailers have generally navigated around the Red Sea cargo disruptions, but trade groups said costs will begin to rise even as they project a growth in imports.
The Services PMI, at 53.4 (a reading of 50 or higher signals growth), was up 2.9% in January, growing, at a faster rate, for the 13th consecutive month. This marks growth in 43 of the last 44 months, with December 2022 being the one month with a decline over that period. ISM…
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