Praveen Deshpande’s Post

When there’s a contraction in economy, it gets even more important to optimize resources and keep lines running. Having low lead times suppliers is a good strategy. Good news about a more positive panorama for the NA economy, however keeping a good supply chain rhythm with a mix of low LT and low prices will keep a company healthy for shrinking economic periods. At Zephyr Technologies We have your back on this :)

After a challenging 16-month contraction, the U.S. manufacturing sector has shown promising signs of recovery in March 2024. Key highlights from the latest Manufacturing Institute for Supply Management Report On Business® include: • New Orders and Production are back in growth territory, signifying renewed demand and stronger output. • Although Employment is still contracting, the rate has slowed, showing potential stabilization. • Supplier Deliveries are faster, suggesting improved supply chain dynamics. • Inventories are contracting, indicating tight supply conditions that could spur production. • Both Exports and Imports are growing, reflecting robust global trade activities. This rebound is spearheaded by significant sectors like Food, Beverage & Tobacco Products, and Fabricated Metal Products. As we see prices increasing, this may be the time to strategize for potential cost fluctuations. As the sector gears up for further expansion, here are two crucial pieces of advice for manufacturers: 𝟏. 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐞 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 𝐚𝐧𝐝 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: With the Inventories Index at 48.2 and Supplier Deliveries faster at 49.9, manufacturers need to focus on streamlining operations and ensuring supply chain agility. This will be critical to respond to fluctuating demands and manage costs effectively, especially as raw material prices are on the rise (Prices Index at 55.8). 𝟐. 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐚𝐧𝐝 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:  Although the Employment Index is still contracting at 47.4, the slowdown in reduction suggests stabilization. Investing in technology can enhance production efficiency, and focusing on workforce development will prepare for an uptick in demand and operational expansions. 𝐅𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/e_-3kz7Q ******************************************** • Follow #JeffWinterInsights to stay current on Industry 4.0 and other cool tech trends • Ring the 🔔 for notifications!

Wow, it's encouraging to see the U.S. manufacturing sector rebounding after such a tough period! The insights you've shared are spot on and offer a clear roadmap for manufacturers as they navigate this recovery phase. Optimizing supply chains and investing in technology and workforce are key for future growth. Leveraging technology can significantly boost production efficiency, while investing in workforce development ensures that employees are equipped with the skills needed to drive innovation and productivity. Here's to continued growth and success for the U.S. manufacturing sector! 📈🏭 #ManufacturingRecovery #SupplyChainOptimization #TechnologyInnovation

📊 Understanding Economic Trends: PMI Report Insights The latest S&P Global PMI report sheds light on critical trends impacting the supply chain landscape. Key findings reveal a resurgence in manufacturing and services sectors, signaling a robust economic recovery. This uptrend is bolstered by increased consumer demand and strategic investments. The report underscores ongoing challenges such as supply disruptions and inflation pressures. Proactively addressing these issues through data-driven strategies is essential to maintaining resilience and fostering sustainable growth. Explore the full PMI report to leverage these insights for enhancing supply chain resilience and agility in a dynamic economy. https://lnkd.in/eAQwfhMF #supplychain #supplychainmanagment #lifeworksearch

🌍 Exciting news for global manufacturing! Profit margins are on the rise, with increases of 14% in the UK, 23% in Australia, and 16% in New Zealand. The Tailwind: Stabilizing supply chains and reduced lead times worldwide are giving manufacturers the confidence to trim inventory, leading to improved profitability 📈 The Headwind: Ongoing Red Sea crisis and global shipping shake-up The Silverlining: Demand remains relatively strong 💪 74% of surveyed manufacturers reported sales demand meeting or exceeding expectations at the end of last year To mitigate risks, effective supply chain management is crucial. Tools like Unleashed Software's Advanced Inventory Manager (AIM) offer valuable insights, suggesting optimal stock levels and purchase amounts based on real-world data. Read the full Unleashed Manufacturing Health Index for free (link in comments). Stay informed, stay ahead! #Manufacturing #SupplyChainManagement #GlobalTrade #Forecast 🔗

WHY DID COMPANY PERFORMANCE DIP IN Q2? KEY FACTORS IMPACTING MARGINS AND GROWTH: 1. HIGH INPUT COSTS - RISING RAW MATERIAL AND ENERGY COSTS HIT INDUSTRIES LIKE MANUFACTURING AND POWER, SQUEEZING PROFIT MARGINS. 2. GLOBAL DEMAND SLOWDOWN - REDUCED GLOBAL DEMAND AFFECTS REVENUE, NOTABLY IN IT AND EXPORT SECTORS. 3. REGULATORY COSTS - INCREASED COMPLIANCE EXPENSES, ESPECIALLY IN FINANCE AND INFRASTRUCTURE, WEIGHED ON PROFITS. 4. CURRENCY VOLATILITY - RUPEE FLUCTUATIONS RAISED COSTS FOR IMPORT-HEAVY INDUSTRIES, IMPACTING ELECTRONICS AND PHARMACEUTICALS. 5. SUPPLY CHAIN CONSTRAINTS - ONGOING GLOBAL SUPPLY CHAIN ISSUES DELAYED PRODUCTION SCHEDULES, WITH CHIP SHORTAGES AFFECTING SECTORS LIKE ELECTRONICS AND AUTOMOTIVE.

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“We’re in a buyer's market. October is the fourth straight month that suppliers worldwide reported spare capacity, with notable contractions in factory demand across North America and Europe, underscoring the challenging outlook for Western manufacturers,” explained Todd Bremer, vice president, GEP. “President-elect Trump inherits U.S. manufacturers with plenty of spare capacity while in contrast, China’s modest rebound and strong expansion in India demonstrate greater resilience in Asia.” #supplychains #supplychainmanagement #procurement #AI #GenAI #Analytics #insights #shekhartiwari #lnnovation #transformation #valuecreation #datadrivendecision GEP Worldwide Todd Bremer

Economic activity in the manufacturing sector contracted in November for the eighth consecutive month, according to the Institute for Supply Management. Read More: https://lnkd.in/eXVBMBq6 #Monitor #TopStories #ISMReport #USManufacturing #SupplyChainTrends #ManufacturingSector #MarketAnalysis

U.S. Manufacturing Sector Weakens in August, Raising Concerns About Economic Slowdown The Institute for Supply Management’s (ISM) monthly survey of purchasing managers revealed that only 47.2% of respondents reported expansion, falling short of the 50% breakeven point. Although this figure represents a slight improvement from July’s 46.8%, it remains below the Dow Jones consensus estimate of 47.9%.  For More Details: https://rb.gy/baeb5k #internationalbusinessmagazine #magazinesforentrepreneurs #globalbusinessmagazine #topbusinessmagazine #bestbusinessmagazineforentrepreneurs #BlogsonEntrepreneurshipandBusiness #ciolook