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Average leadtime remained 32 percent above previous trough for capital expenditures and 37 percent for purchased materials; both are too high. “Leadtimes are returning to normal for most of our suppliers, while some of our smaller suppliers are struggling to remain staffed up enough to keep up with orders.”
New Orders and Employment Contracting; Production and Backlogs Growing; Supplier Deliveries Slowing at a Slower Rate; Raw Materials Inventories Growing; Customers’ Inventories Too Low; Prices Increasing at a Slower Rate; Exports and Imports Growing; Record-Long LeadTimes for Production Materials and MRO Supplies.
In addition, the Motion Industrial Centre’s position – both geographically and within the national supply landscape – offers possibilities to navigate the current import and freight delays. Because of the supply chain challenges, we are living in a very reactive world,” he points out.
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