Economy

Downward Pressure on Global Economy Has Softened

Monday, November 18, 2019 · Patrick Burnson
The ongoing downbeat news on the global economy has left many supply chain managers uneasy of late, particularly those seeking to mitigate modal costs.

Global Supply Chains at Risk of Recession?

Friday, September 20, 2019 · Patrick Burnson
August saw another intensification of the trade conflict between the United States and China. Then, in mid-September, the attack on Saudi Arabian oil production facilities resulted in an oil price spike. Both are bad news for the global supply chain managers coming at a time…

Global Supply Chain Under New Pressures, Says Atradius

Wednesday, May 29, 2019 · Patrick Burnson
Atradius, a trade credit insurer based in Amsterdam, recently published its “Economic Outlook,” noting that the global economy is in a fragile state, and the time for governments to act is now.

Global Economic Growth is “Firming,” but IHS Markit Issues Some Caveats

Tuesday, May 21, 2019 · Patrick Burnson
Early readings on first-quarter economic activity around the world point to a mild strengthening of momentum.

Strong Output and Moderate Inflation to Start 2019, Observes IHS Markit Analysts

Monday, May 6, 2019 · Patrick Burnson
In its “U.S. Economic Forecast Flash,” IHS Markit analysts note that first-quarter GDP growth was impressive, but cautions supply chain managers to remain on guard.

U.S. Global Supply Chain Managers Should Expect Stabilized Growth, Says IHS Markit

Thursday, April 11, 2019 · Patrick Burnson
U.S. growth is slowing, as stimulus wears off. And China's stimulus is likely to remain modest. Meanwhile, world trade is still under threat.

Air Cargo Options May Be Good Bet for Supply Chain Managers This Year

Tuesday, March 5, 2019 · Patrick Burnson
With the passing of last month's annual Air Forwarders Association conference in Las Vegas, we caught up with the AfA's executive director Brandon Freid for this exclusive interview which first appeared in our sister publication -- Logistics Management.

IHS Markit’s New Economic “Predictions” for 2019 and Impact on Global Supply Chains

Monday, December 17, 2018 · Patrick Burnson
In 2019, the world economy will enter a third straight year of broad-based growth, but many economists feel that a combination of rising interest rates and ongoing trade protectionism will continue to create unexpected turbulence…and higher rates. How likely is this to…

More IHS Markit Musings on Global Economy

Monday, November 5, 2018 · Patrick Burnson
The risk of a “no deal” Brexit is on the rise. Reflecting the tougher outlook, IHS Markit has reduced eurozone real GDP growth rates in 2019–21 by an average 0.2 percentage point a year. The eurozone economy is projected to expand 2.0% in 2018, 1.6% in 2019, and 1.3% in…

Global Supply Chains Prepare for Uncertain Economy

Monday, November 5, 2018 · Patrick Burnson
While a global recession is probably still a year or two away, “there are storm clouds on the horizon,” which are starting to look more than a little threatening, says IHS Markit economists.

What May U.S. Supply Chain Managers Expect From Emerging Markets?

Tuesday, January 17, 2017 · Patrick Burnson
China will continue to be strong, most economists agree

Fitch: Modest Growth, New Questions Await U.S. Transportation Infrastructure in 2017

Monday, December 5, 2016 · Patrick Burnson
The outlook is stable for U.S. transportation infrastructure headed into next year though the sector is not without its uncertainties, part of which stem from the new Presidential administration's plans for infrastructure according to Fitch Ratings in its 2017 outlook…

Global Economic Expansion Exposed to Shocks in 2017

Wednesday, November 9, 2016 · Patrick Burnson
Global economic growth may remain stuck in low gear for several more years, though a worldwide recession is unlikely, according to the third quarter Global Risk Service report from IHS Markit.

Manufacturing Shows Promise For Third Straight Month in May, Says ISM

Wednesday, June 1, 2016 · Jeff Berman
The PMI, the index used by the ISM to measure growth, was 51.3 (a reading of 50 or higher indicates growth) in May, representing a 0.5 percent gain over April. From October through February, the PMI had seen sub-50 readings, with October marking the first month that the PMI…

NRF Champions Trans-Pacific Partnership

Tuesday, May 24, 2016 · SCMR Staff
The recently negotiated Trans-Pacific Partnership trade agreement will have a positive impact on both retailers and American consumers once enacted, according to a new report released by the National Retail Federation
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