Posted: September 21st, 2013 | Author: Tom Bowers | Filed under: Best practices, Economic Indicators, Gem | Tags: greendex | No Comments »
If your business is expanding into new or facing competition in existing markets, can you benefit from enhancing your green credentials to meet consumer preferences?
Greening your supply chain could provide a competitive edge in markets where consumers are increasing concerned with environmental issues and making spending decisons based on those concerns.
Find what you can learn from the Greendex Survey.
Posted: August 31st, 2013 | Author: Rod Sherkin | Filed under: China, Economic Indicators, USA, What's Happening in Our Profession | Tags: factory, reshoring, reshoring usa, usa factory | No Comments »
Even if you doubt the bit about China, the notion that the US will comfortably beat out Europe and Japan makes sense. It has a more flexible labor market, and cheaper energy and plastics thanks to the oil fracking boom.
Yesterday’s pleasant surprise: The US economy grew much faster than we thought in the previous quarter: 2.5% on the year, thanks to robust exports.
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Posted: July 25th, 2013 | Author: Pascal Blanc | Filed under: China, Economic Indicators, Europe, PMI, USA | Tags: China PMI, Europe PMI, PMI, US PMI | 1 Comment »
After grinding through recession for six consecutive quarters since the economy started to contract in late 2011, Markit Flash Eurozone PMI surprised economists with a jump to 50.4 in July, signaling a return to growth in output by breaking back above the neutral 50 level.
The flash composite PMI, that measures business activity in both manufacturing and services sectors, rose to an 18-month high of 50.4 in July from 48.7 in June, while analysts had forecast the index to rise to 49.1, a preliminary report from Markit Economics showed Wednesday.
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Posted: July 16th, 2013 | Author: Pascal Blanc | Filed under: China, Commodities, Economic Indicators | Tags: china, chromium, coal, commodities, commodities china, commodities price, electricity, gas, iron ore, nickel, steel | No Comments »
China announced Monday that its gross domestic product growth slowed to 7.5% in the three months ended in June. Its economic growth is still strong, compared with much of the world. But recent single-digit expansion rates are a notable comedown from a 14.2% peak in 2007.
Unlike so often in the past, though, the Chinese leadership shows little inclination to act. Indeed, the mood in Beijing is studiedly sanguine. Not only did the national statistics bureau describe yesterday’s figures as “within the reasonable range for the year”. Finance Minister Lou Jiwei even hinted, last week, that growth could drop well below 7 per cent over the coming months (although his remarks were later airbrushed into line with the official 7.5 per cent target by the state news agency).
The biggest losers from China’s rebalancing are likely to be the major commodity-producing emerging markets, most of which lie in Latin America, the Middle East and parts of Africa, but China’s slowdown will impact on different commodity groups in different ways.
Read the rest of How China’s slowdown is impacting commodities » » »
Posted: June 20th, 2013 | Author: Pascal Blanc | Filed under: China, Commodities, Currencies, Economic Indicators, Precious metals, US Dollar | Tags: china, commodities, commodities china, commodities price, commodity 2013, commodity outlook | No Comments »
Gold is down by more than 5% this morning, barely holding onto $1,300 after having dipped below that level for the first time since September 2010. Silver has slumped by 7.2% to just over $20.
The price of crude oil has slumped 1.6% to under $97 per barrel this morning, while copper is down 1.9% and most agricultural commodities are lower. Even natural gas is taking a hit: its price is down by 1.7% to $3.90 this morning.
The Standard & Poor’s GSCI Index of 24 raw materials lost as much as 2 percent to 622.91, the biggest intraday loss since May 10, before reaching 625.31 as of 1:41 p.m. in London.
“There is panic selling all over the commodities sector after the Fed’s comments and the data from China,” said Daniel Briesemann, analyst at Commerzbank.
Read the rest of Another commodities sell-off » » »
Posted: February 28th, 2013 | Author: Pascal Blanc | Filed under: Commodities, Economic Indicators, Europe | Tags: commodity risk, negotiation, price risk | No Comments »
The Economist recently held an event for European Finance Leader called the CFO Summit in London. Over 100 CFOs and finance leaders met to discuss a lot of different issues.
Among these issues were:
- The outlook for policy, investment and the global economy over the next 12 months and how this impacts the CFO and influence on the board
- What steps can be taken to balance strict risk management with company growth ambitions. Should CFOs delay investments or pursue growth?
- How CFOs can prepare their business for growth in the year ahead by becoming a leader in the field of innovation
- Which strategies can be deployed in finance leaders’ push for growth in both mature and emerging markets—and what opportunities and challenges can CFOs expect to encounter in 2013 and beyond?
The CFOs were asked which aspects of supplier risks they are most concerned about. Here are their answers…
Read the rest of Commodity prices volatility is the biggest risk – The CFO Summit » » »
Posted: January 31st, 2013 | Author: Pascal Blanc | Filed under: Commodities, Economic Indicators, Negotiating with Suppliers | Tags: commodity 2013, commodity forecast, commodity outlook, forecast, outlook, world bank | No Comments »
The World bank has just released its latest commodity forecast report which looks at not only historical commodity prices but also forecasts for a wide range of commodity cost drivers in the global economy.
You can access the Worldbank commodity forecast for 2013 – Infographics to get a better understanding of the numbers in the report.
This document should prove useful if you are asked to project future cost trends for either the raw materials you purchase, or the finished goods you are responsible for.
It lists 43 different commodities and what the World bank expects their price points to be in 2013 and the following years. Obviously, the idea here is not to take the exact prices from this report but the evolution in percentage that will help you forecast what the impact will be on your finished goods costs using a Commodity Intelligence solution like ProPurchaser and help in your sourcing and negotiation with suppliers.
Read the rest of Commodity Outlook – Forecast 2013 » » »
Posted: December 1st, 2012 | Author: Rod Sherkin | Filed under: Copper, Economic Indicators, Metals | Tags: china, coppe, copper future, copper price | No Comments »
Copper‘s 2.9% rise this week reflected the market’s belief that “demand is going to be significantly improved in 2013,” said Bill O’Neill, a principal with commodities trading and consulting firm Logic Advisors.
The Chicago Business Barometer on Friday provided the latest indication of expanding industrial appetite in the U.S. by returning to growth mode, only two months after hitting its lowest level in three years.
Read the rest of Copper Climbs on Improving Demand » » »
Posted: October 1st, 2012 | Author: Pascal Blanc | Filed under: Economic Indicators | Tags: China PMI, economic indicators, Europe PMI, ISM, PMI, US PMI | No Comments »
The Institute for Supply Management’s PMI rose to 51.5 last month from 49.6 in August, an increase of 1.9 percentage points and the highest reading since May, above analysts’ estimates of a 49.7 reading.
A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
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Posted: July 4th, 2012 | Author: Pascal Blanc | Filed under: China, Economic Indicators | Tags: china | No Comments »
The Purchasing Managers Index (PMI) published by the Chinese Federation of Logistics and Purchasing (CFLP), an organization close to the government, is down again at 50.2 for June, from 50.4 in May and 53.3 in April.
Sunday’s PMI suggested Chinese factories struggled with lackluster foreign and domestic demand in June.
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