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State of Logistics 2016: Pursue mutual benefit Manufacturing activity trends down in August, reports ISM Manufacturing activity trends down in August, reports ISM Driver turnover hits a new low…in a good way Hanjin bankruptcy gives shippers crash course in risk mitigation More News B2B Sellers Prefer a Unified Approach for Ecommerce A new study from Forrester Consulting, commissioned by NetSuite, found that many midmarket, B2B sellers say their ecommerce solutions have contributed to their growth in sales, new customer acquisitions and improved customer relationships. All Resources Data issued earlier today by the Institute for Supply Management (ISM) in its monthly Manufacturing Report on Business showed contraction in manufacturing activity for the month of August, snapping a stretch of five straight months of growth. The PMI, the index used by the ISM to measure growth, was 49.4 (a reading of 50 or higher indicates growth) in August, which was down 3.2% compared to July for its first decline going back to February’s 49.5. August’s PMI is 0.8% below the 12-month average of 50.2. And the ISM said that the over all economy expanded in July for the 87th month in a row, despite the PMI’s decline in August. Each of the report’s core four metrics, including the PMI, was down in August. New orders, which are often cited as the engine that drives manufacturing, dropped 7.8% to 49.1 for its first decline since December 2015, when it was at 49.8. Production was off 5.8 percent for its lowest level since checking in at 49.5 in August 2012, a four-year period. And employment fell 1.1 percent to 48.3 for its second straight decrease. ISM said that of the 18 manufacturing sectors contributing to the report, only six reported growth in August, including: Printing & Related Support Activities; Nonmetallic Mineral Products; Computer […]
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