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“Demand remains soft, but production execution is consistent with new, reduced output levels based on panelists’ companies order books. Logistics stabilized and costs are matching 2019. The bookings were below what we planned, but that was expected due to fewer working days and summer vacations.”
Logistics costs have settled, transit times continue to shorten and capacities at most suppliers are sufficient.” ” [Nonmetallic Mineral Products] “Order book continues to be strong. The two manufacturing industries that reported growth in July are: Petroleum & Coal Products; and Furniture & Related Products.
“New order entry has slowed down slightly; however, logistical issues have yet to improve. “Current order books are full, but there have been signs of a slowdown beginning in the fourth quarter.” Employment activity remained strongly positive in spite of the uncertainty with new order rates,” says Fiore.
Nowadays, with the right technology and tools, export and import professionals are able to optimise repetitive tasks, can track their cargo around the world 24/7, or get quicker and almost immediate responses to their logistic operations. Other industries are also using RFID tags, such as the apparel industry and major theme parks.
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