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Supplychains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases. ” [Fabricated Metal Products] “Business conditions remain strong, with sales and bookings exceeding plan.
“Demand remains soft, but production execution is consistent with new, reduced output levels based on panelists’ companies order books. We’re continuing to ship to max capacity, with supply constraints still a real part of our day-to-day business operations.” Order book remains strong and ahead of 2022.”
The Supplier Deliveries Index indicated faster deliveries, and the Inventories Index expanded at a slower rate as panelists’ companies manage their total supplychain inventories. WHAT RESPONDENTS ARE SAYING “Good start to the year for bookings. to be slower than the second half.
” [Chemical Products] “Nearly all microchip supply issues have been resolved, finally bringing an end to the three-year chip shortage. Supplychain issues continue in several areas, resulting from difficulties during the United Auto Workers (UAW) strike.” Material prices are remaining relatively flat.
The Supplier Deliveries Index indicated faster deliveries, and the Inventories Index expanded at a faster rate as panelists’ companies continued to effectively manage the total supplychain inventory. Managing head counts and total supplychain inventories remain primary goals as the sector closes the year.
” [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. Working overtime to complete orders. Labor availability is still the number one constraint impacting production.
Panelists are now expressing concern about a softening in the economy, as new order rates contracted for the second month amid developing anxiety about excess inventory in the supplychain. Overstock of raw materials due to prior supplychain issues and slowing orders.” ” [Computer & Electronic Products].
The accuracy of these GPS devices has drastically increased throughout the years, not only just helping drivers but also improving the supplychain. Earlier, when users booked shipments, they received an estimated delivery date and then were left in the dark, unless they decided to make a call to their respective vendor.
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