supply, forecast, grim

U.S. Supply Execs Prepare Grim Forecast for 2020

U.S. purchasing and supply executives expect the nation’s economic downturn will continue for the rest of the year as the Covid-19 pandemic obscures forecasts in the manufacturing sector. Factory revenue is expected to drop 10.3 percent in 2020 —  down 15.1 percent from December 2019 forecasts. The manufacturing and services sectors are both signaling contraction…

DPA, shortage, supply, supply shortage, DPA

Why the DPA Won’t Cure Covid-19’s Supply Shortages

All over the world, healthcare workers face a critical supply shortage of personal protection equipment (PPE) which prevents cross-contamination between caregivers and patients. Life-saving ventilators are in short supply.  It’s inconceivable that in 2020, the richest country in the world cannot produce enough masks, gowns, shields and equipment in response to the Covid-19 pandemic for…

Covid-19

U.S. Factory Activity Stagnates as Coronavirus Disrupts Supply

U.S. factory activity declined in February as new orders contracted and concerns about coronavirus-related supply chain disruption spread across industries. The Institute for Supply Management’s PMI is clinging to expansion at 50.1 percent, down from 50.9 percent in January. Fifty is the line of demarcation between expansion and contraction. “Coronavirus is wreaking havoc on the…

components, chip industry, trade war, tariffs, U.S., China

Tariffs Eased on Some Electronics Products

The electronics industry is enjoying a short-term reprieve from new U.S. tariffs as the Trump administration delayed the imposition of 15 percent duties on $156 billion worth of Chinese goods, including smart phones, computers and other consumer electronics. While the move may boost holiday-related consumer sales, the 25 percent tariffs on a separate $250 billion…

manufacturing, growth, revenue, profit

Manufacturers Expect Revenue & Profit Boost in 2020

U.S. manufacturers are surprisingly upbeat about their prospects in 2020, anticipating growth in revenue, profitability, imports and exports. The outlook isn’t so positive for employment and capital expenditures, which will remain flat or decline next year, according to the Institute for Supply Management’s semiannual forecast. Manufacturers expect revenue will grow 4.8 percent next year –…