Tim Fiore, Committee Chair of the ISM’s Manufacturing Report on Business® discusses the PMI (Purchasing Manager’s Index) details that continue to show expansion, the major PMI categories impacting the overall number, and industry sectors showing strengths and weaknesses.
According to the latest reports from the Federal Reserve, production at U.S. factories accelerated in February, as the sector shrugged off a continued slump in motor vehicle output. This points to sustained strength in manufacturing amid healthy demand for goods even as consumer spending reverts to services. (Read More)
Economic activity in the manufacturing sector grew in March, with the overall economy achieving a 22nd consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. (Read More)
Today’s guest is Jennifer Clement, and she joins us to speak about sourcing and manufacturing in China. Jennifer is the President of Complete Holdings and the US Partner of Complete Manufacturing and Distribution, also known as CMD in China. CMD provides boots-on-the-ground support for clients who manufacture in China when it comes to working with a factory network, managing quality control and diversifying a supply base. Jennifer begins by laying out her experience in the manufacturing industry and describing her most recent role with CMD, for which she has been based in Shanghai since 2015. From there, we talk about how CMD works with clients to develop a business case for sourcing a manufacturing location, where they consider variables such as labor, availability of natural resources, and tariffs. In our conversation, we also speak about the different regions in China and the goods they specialize in manufacturing when it makes sense to manufacture in other parts of the globe. We also discuss how CMD is assisting clients in an environment defined by major challenges around material availability, quality control, and supply chain functioning. For all this and more, tune in today.