Commerce reported that March was up 0.6% compared to February at $494.6 billion and was up 4.5% compared to March 2017. For the first quarter, total retail sales were up 4.1% compared to the same period a year ago.
The index ISM uses to measure non-manufacturing growth—known as the NMI––fell 0.7% to 58.8 in March (a reading above 50 indicates growth), which is slightly below February's 59.5 and also below January's all-time high NMI reading of 59.9.
March shipments, at 858,809, were down 0.2% annually, marking the first annual decline going back to February 2017's 7.7% annual decline, with both of these months volumes impacted by the timing of the Asian Lunar New Year, with Panjiva noting that the resulting shortfall…
Global express delivery and logistics services provider DHL said this week that the most recent edition of its quarterly Global Trade Barometer continues to trend in the right direction, with various indicators pointing to a strong global trade outlook.
Procurement organizations have significantly shrunk the capability gap in digital transformation over the past year, with two thirds now having a strategy in place and nearly half having the resources and competencies needed to execute, according to new Procurement Key Issues…
The Digital Supply Chain Institute has been working with senior executives from 72 companies around the world to develop the tools and insights to accelerate the transformation from a traditional supply chain toward a more powerful Digital Supply Chain
Tipati, a leading payables automation SaaS, today announced the complete integration of Tipalti's purchase order (PO) matching and multi-entity capability with NetSuite,a global cloud ERP provider.
A new study conducted by Deloitte and the Manufacturers Alliance for Productivity and Innovation (MAPI) indicates that while U.S. shippers are increasingly aware of the benefits of digital supply networks (DSNs), many “remain in the early phases” of adoption.
More than 170 researchers from some 35 Latin-American universities along with representatives from 12 companies will gather at the MIT campus on April 15 and 16, 2018, to drive a research agenda in logistics and supply chain management for the region. Supply Chain Research,…
While the United States warehousing market currently has quite a bit working in its favor in the form of things like tight vacancy rates, strong absorption rates, and rent levels, in some ways it is also a victim of its own success, due to the ongoing strength of e-commerce.…
“Tariff retaliation” by China may occur sooner than later say trade and supply chain experts. Trade War with China, Effects of Tariffs on Trade, Global Trade Tariffs Effect US Goods
In its monthly Manufacturing Report on Business, ISM said that PMI, the report's key metric, fell 1.5% in March to 59.3 (a reading of 50 or higher indicates growth). This marks the 19th consecutive month of PMI growth, with the overall economy now having grown for 107…
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