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USA - Manufacturing - April 2022 and May 2022.pptx

Summary: • The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4. • New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9. • The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print. • The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6. • The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic. • 15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products. Source - https://economics.td.com/us-ism-manufacturing-index

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P A U L Y O U N G C P A C G A
J U N E 6 , 2 0 2 2
MANUFACTURING – USA – WHAT IS
NEXT
Paul Young - Bio
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
YouTube - https://www.youtube.com/user/youngercga1968/videos
Agenda
• USA Manufacturing / Shipments for August 2021
• USA PMI Index
• Reshoring / Manufacturing
• Steel
• AG Equipment
• Class 8 Trucks
• Oil and Energy
• Analytics / Manufacturing
• Climate Change / Supply Chain
USA Manufacturing / Shipments USA Manufacturing -
April 2022.pdf
USA Manufacturing / Shipments USA Manufacturing -
April 2022.pdf
PMI Index
Source - https://economics.bmo.com/en/publications/detail/04b97e63-304d-4396-a90e-8e402276f170/
U.S. PMI, JOLTS and
Construction Spending ... A Case of Yeah, But - April 2022.pdf

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USA - Manufacturing - April 2022 and May 2022.pptx

  • 1. P A U L Y O U N G C P A C G A J U N E 6 , 2 0 2 2 MANUFACTURING – USA – WHAT IS NEXT
  • 2. Paul Young - Bio • CPA, CGA (1996) • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Customer Success Management • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@hotmail.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga Twitter: https://twitter.com/paulyoungcpa YouTube - https://www.youtube.com/user/youngercga1968/videos
  • 3. Agenda • USA Manufacturing / Shipments for August 2021 • USA PMI Index • Reshoring / Manufacturing • Steel • AG Equipment • Class 8 Trucks • Oil and Energy • Analytics / Manufacturing • Climate Change / Supply Chain
  • 4. USA Manufacturing / Shipments USA Manufacturing - April 2022.pdf
  • 5. USA Manufacturing / Shipments USA Manufacturing - April 2022.pdf
  • 6. PMI Index Source - https://economics.bmo.com/en/publications/detail/04b97e63-304d-4396-a90e-8e402276f170/ U.S. PMI, JOLTS and Construction Spending ... A Case of Yeah, But - April 2022.pdf
  • 7. Steel Steelmakers Falling Behind the 2021 Pace Global crude steel production totaled 162.7 million mt in April, down 5.1% from April 2021, according to World Steel Association data published May 24. https://www.americanmachinist.com/news/article/21242928/april-tonnage-shows-steelmakers-falling-behind- the-2021-pace-world-steel- assn?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS220530005&o_eid=7930I4506489 J2B&rdx.ident%5Bpull%5D=omeda%7C7930I4506489J2B&oly_enc_id=7930I4506489J2B https://www.slideshare.net/paulyoungcga/steel-sector-canada-and-the-united-states-april-2022pptx
  • 8. North American Equipment Sales Source - https://www.aem.org/Market-Data/ US-Month-Ag-Report -4-2022 - Copy.pdf CAN-Month-Ag-Repo rt-4-2022 - Copy.pdf
  • 11. Class 8 Truck Sales S o u r c e – T h e T r u c k e r a n d h t t p s : / / w w w . t t n e w s . c o m / a r t i c l e s / s e p t e m b e r - c l a s s - 8 - s a l e s - h i g h e s t - y e a r o r h t t p s : / / w w w . t t n e w s . c o m / a r t i c l e s / c l a s s - 8 - s a l e s - n o v e m b e r - s l i p o r h t t p s : / / w w w . t t n e w s . c o m / a r t i c l e s / d e c e m b e r - c l a s s - 8 - s a l e s - r e a c h - h i g h - m a r k - 2 0 2 0 - d o w n - 7 4 - c o m p a r e d - 2 0 1 9
  • 13. Reshoring of Manufacturing Source - https://www.ttnews.com/articles/2020-events-force-manufacturers-rethink-reshoring-operation-plans
  • 14. Supply Chain Companies worldwide are adapting to the pandemic by shifting production closer to customers, but such efforts to make supply chains more resilient also complicate tax obligations, EY said. “There’s a lot of benefits that can be obtained” by overhauling global supply chains, according to Craig Hillier, international tax and transactions services leader at EY. “But there are all these knock-on tax, financial system, payroll, people, talent issues that need to be addressed as well.” CFOs need to consider “a whole host of tax issues,” including exit tax cost and transfer of goodwill, Hillier said Thursday during an EY webinar. At the same time, companies shifting supply chains might gain benefits such as tax breaks and funding for employment and training, he said, noting “there’s a lot out there at the moment that companies can take advantage of.” https://www.cfodive.com/news/supply-chain-overhaul-brings-benefits-tax-complexity- ey/617973/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-01- 31%20CFO%20Dive%20%5Bissue:39446%5D&utm_term=CFO%20Dive My work: https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-january-2022- 251041058
  • 15. Mitigating Climate Change • Building a resilient supply chain • Moving to zero-waste • Adoption of policies related to the circular economy • Adopting ESG reporting • Adopting risk and crisis management reporting • Continue look at ways to better management of water • Work with insurance providers on how manage insurance costs. Source - https://www.slideshare.net/paulyoungcga/how-to-mitigate-the-threats-of-climate-change-september-2021
  • 16. Industry 4.0 Summary: Businesses around the world continue to look at how best to optimize their business operations including advance manufacturing. ESG is pushing both the private and public sectors to revisit their environmental, social, and governance policies and procedures. https://www.pwc.com/ca/en/media/release/pwc-canada-study-shows-esg-reporting-falls-short-across- canadas-top-150-public-companies.html or My box folders - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce or Accelerator - https://community.ibm.com/accelerators/catalog/content/R6-Sustainability or My video - https://www.youtube.com/watch?v=M-IEsfJWxXo&t=40s My work: https://www.slideshare.net/paulyoungcga/what-is-next-for-industry-40
  • 17. Summary • USA manufacturing will continue to face many challenges Blog – What is up with United States Manufacturing USA Manufacturing - April 2022.pdf ` U.S. PMI, JOLTS and Construction Spending ... A Case of Yeah, But - April 2022.pdf U.S. Department of Energy Allocates $3 Billion in Infrastructure Funding to EV Battery Manufacturing and Clean Technology.pdf Ford to add over 6,000 U.S. jobs as it boosts electric vehicle production and prepares for a new Mustang - Auto Recent.pdf Electric car supplies are running out — and that could drastically slow down the net-zero journey.pdf Ganfeng kicks off construction of Mariana lithium project in Argentina - MINING.COM.pdf Crude Steel Production in 2021 Shifted from China to Other Countries amid Supply Chain Chaos US Production Spiked 15_ Wolf Street.pdf Class 8 Truck Orders — FTR Orders & Indices.pdf Farm Equipment Demand Aid AGCO Corp (AGCO) Despite Higher Costs.pdf Aerospace industry order uplift as recovery continues - Aerospace Manufacturing.pdf Lumber is the cheapest in seven months as housing markets soften - BNN Bloomberg.pdf Oil prices hit $120 as Saudi July price rise eclipses OPEC+ deal Reuters.pdf Data Shows May US LNG Exports Reach 2nd Highest as Latin America Shipments Gain Pipeline and Gas Journal.pdf 3 Robotic stocks to invest in 2022 - Equity.Guru.pdf U.S. ISM Manufacturing Index (May 2022).pdf Summary:  The May ISM manufacturing index registered 56.1, topping expectations of a 54.5 print. The index rose 0.7 percentage points from the April reading of 55.4.  New orders rose by 1.6 percentage points to 55.1, while new export orders rose by 0.2 percentage points to 52.9.  The backlog of orders sub-index came in at 58.7, rising 2.7 percentage points from April's 56.0 print.  The production index increased 0.6 percentage points to 54.2 while the employment index fell 1.3 percentage points to 49.6.  The supplier deliveries sub-index fell to 65.7 from 67.2 in April. The sub-index continues to reflect difficulties in improving delivery rates due to production issues related to the pandemic.  15 of 18 manufacturing industries reported growth in May. Growth was led by Apparel, Leather & Allied Products; printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer Electronic Products; and Food, Beverage & Tobacco Products. Source - https://economics.td.com/us-ism-manufacturing-index 1. Battery production - https://www.thomasnet.com/insights/u-s-department-of-energy-allocates- 3-billion-in-infrastructure-funding-to-ev-battery-manufacturing-thomas-index-report/