Economy

Dry van truckload pricing shows no signs of significant improvement

Monday, June 3, 2024 · Jason Miller A series of factors, including excess capacity and demand weakness, will likely keep dry van truckload rates in check for the remainder of 2024.

Inflation, economic worries among top supply chain concerns for SMBs

Tuesday, May 7, 2024 · Brian Straight SMBs have many of the same concerns as larger enterprises, but inflation is at the of their supply chain concerns list.

Some Good, Some Not-So-Good in Latest ISM Manufacturing Report

Wednesday, November 1, 2023 · Jeff Berman Manufacturing output again contracted in October, according to the new edition of the Manufacturing Report on Business issued by the Institute for Supply Management.

Market or roadway mayhem? A fundamental supply chain dilemma

Tuesday, August 22, 2023 · Andrew Balthrop and Jonathan Phares The trucking industry is strongly tied to overall economic performance, but the rigidity it faces from labor, equipment, and regulations make it difficult to scale up and down quickly, leading to boom-and-bust cycles.

This is the strangest economy

Wednesday, June 21, 2023 · Rosemary Coates With so much uncertainty and mixed economic signals, it is hard, if not impossible, to see trends or predict what will happen in the supply chain.

ISM December report optimistic about 2023 growth prospects

Monday, December 19, 2022 · Jeff Berman For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping…

Are we running into a freight recession?

Tuesday, June 7, 2022 · Dale Rogers, Jason Miller and Zac Rogers Rumors of the death of the freight market have been greatly overstated, but we may run into a slowdown.

GDP to Hit Pre-pandemic Peak By Mid-Year, Say Economists

Monday, April 5, 2021 · Patrick Burnson IHS Markit's initial estimate is that the plan could raise GDP growth by 0.3–0.4 percentage point through 2024 and push the unemployment rate below 3.0%, but lead to somewhat higher inflation and interest rates

IHS Markit Revises 2021 U.S. GDP Growth Forecast: A New Positive for Supply Chains

Monday, February 8, 2021 · Patrick Burnson Economists now expect a “near certainty” of a $1.9 trillion fiscal stimulus to drive supply chains and create jobs.

“Pandemic Fatigue” Will Likely Keep Global Supply Chains Sluggish, Says IHS Markit

Friday, December 4, 2020 · Patrick Burnson In its latest “World Flash” intelligence report, IHS Markit economists note that the dreaded second and third waves of COVID-19 arrived in late 2020 as any illusion the world can easily control the spread of the virus had largely vanished.

IHS Markit Economic Forecast Contains Cautionary News for Supply Chain Managers

Thursday, June 4, 2020 · Patrick Burnson Global supply chain managers should plan for “a grudging” demand recovery, caution IHS Markit economists. In an updated U.S. economic forecast 2020 GDP growth has been revised down to –8.8%.

Recession Readiness 2020: Did we learn anything?

Monday, May 11, 2020 · Nima Kazemi and Bruce C. Arntzen If history is our guide, economies take a turn every nine years. Yet time and again, a strong business cycle and fading memories convince us the good times will go on forever. Ten years after the great recession, we surveyed 100 manufacturing firms to find out if businesses…

Economists Forecast a Recession Due to COVID-19

Wednesday, March 18, 2020 · Patrick Burnson The IHS Markit March Global Economic Forecast Flash from Chief Economist Nariman Behravesh and Sara Johnson, Executive Director, Global Economics indicates that the global economy is headed for recession.

Financial Stress Stemming from COVID-19 May Weaken 2020 GDP Growth Says IHS Markit

Monday, March 9, 2020 · Patrick Burnson IHS Markit economists note that Fourth-quarter GDP growth was reported at 2.1% in the Bureau of Economic Analysis' second estimate, unrevised from the advance estimate. The implications for supply chain managers is obvious, they add.

Global Supply Chains Trust in a “Stabilized” Economy

Wednesday, December 4, 2019 · Patrick Burnson Weak business confidence combined with low unemployment and moderate inflation expectations result in more subdued profitability predictions.