Daily Archives: January 3, 2024

Navigating the Continuous Evolution of Dynamic Supply Chain Geography

As 2023 gave way to the new year, industry experts delved into the nuanced shifts that continued to shape global supply chains. Their attention remained keenly focused on deciphering the strategic maneuvers undertaken by companies, influenced by shifts in trade patterns driven by geopolitical tensions and disruptive forces, echoing throughout the supply chain. From the…

Manufacturing Ends 2023 with Contraction but Positive Outlook for 2024

Manufacturing faced a subdued end in 2023, marked by economic contraction for the third consecutive month, as reported by the Institute for Supply Management’s Purchasing Managers’ Index (PMI), which registered 47.4% in December. This downturn was influenced by various factors, including reduced new orders, especially in sectors like computer and electronics products grappling with intricate…