Summary
USA manufacturing sector continues to face higher commodity prices
USA manufacturing sector continues to face issues with supply chain
Ports are still facing backlog
More and more manufacturers are moving to Industry 4.0
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USA - Manufacturing - February 2022 and March 2022.pptx
1. P A U L Y O U N G C P A C G A
A P R I L 7 , 2 0 2 2
MANUFACTURING โ USA โ WHAT IS
NEXT
2. Paul Young - Bio
โข CPA, CGA (1996)
โข Academia (PF1, FA4, FN2, MU1. and MS2)
โข SME โ Customer Success Management
โข SME โ Risk Management
โข SME โ Close, Consolidate and Reporting
โข SME โ Public Policy
โข SME โ Emerging Technology
โข SME โ Business Process Change
โข SME โ Financial Solutions
โข SME โ Macro/Micro Indicators
โข SME โ Supply Chain Management
โข SME โ Data, AI, Security, and Platform
โข SME โ 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
โข USA Manufacturing / Shipments for August 2021
โข USA PMI Index
โข Reshoring / Manufacturing
โข Steel
โข AG Equipment
โข Class 8 Trucks
โข Oil and Energy
โข Analytics / Manufacturing
โข Climate Change / Supply Chain
6. PMI Index U.S. ISM Services PMI
Leaves The Door Open for the FOMC.pdf
Manufacturing
Momentum Moderates in March_PMI.pdf
7. Steel
China's crude steel production down 3%
Most other top-10 countries increased output in 2021
Europe's crude steel production up 14.1%
https://www.slideshare.net/paulyoungcga/steel-sector-canada-and-
the-world-january-2022
11. Reshoring of Manufacturing
Source - https://www.ttnews.com/articles/2020-events-force-manufacturers-rethink-reshoring-operation-plans
12. 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.
โThereโs a lot of benefits that can be obtainedโ by overhauling global supply chains, according to Craig
Hillier, international tax and transactions services leader at EY. โBut there are all these knock-on tax, financial
system, payroll, people, talent issues that need to be addressed as well.โ
CFOs need to consider โa whole host of tax issues,โ 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 โthereโs a lot out there at the
moment that companies can take advantage of.โ
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
13. Mitigating Climate Change
โข Building a resilient supply chain
โข Moving to zero-waste
โข Adoption of policies related to the circular economy
โข Adopting ESG reporting
โข Adopting risk and crisis management reporting
โข Continue look at ways to better management of water
โข 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
14. 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
15. Summary
โข USA manufacturing will continue to face many challenges
PMI
U.S. ISM Services PMI
Leaves The Door Open for the FOMC.pdf
Manufacturing
Momentum Moderates in March_PMI.pdf
U.S. ISM
Manufacturing Index (March 2022) - TD Economics.pdf
PMI - Index.pdf US Purchasing
Managers' Index Signs Economic Slowdown, Credit Markets Dim.pdf
Production costs are
outweighing higher commodity prices - Brownfield Ag News.pdf
Rising commodity
prices divide EM outlook.pdf
'Exporting air' U.S.
lawmakers target empty shipping container backlog.pdf
Aecon awarded
contract for the Kingstown Port Modernisation Project Works, Lot 1 Primary Cargo Port, in Saint Vincent and the Grenadines.pdf
Why Supply Chain
Disruptions Are a Data Problem โ The New Stack.pdf
Viewpoint The
future-shaped supply chain and what to expect in years to come - FreightWaves.pdf
22-04-06_JLL_wareho
use_space_crisis.php.pdf
Biden invokes
Defense Production Act to bolster domestic battery manufacturing Supply Chain Dive.pdf
China Lockdowns
Risk Supply Line Fractures.pdf
The Benefits Of
Better, Faster, Smarter Manufacturing - Powered By Infor.pdf
Rising raw material
cost pushes steel prices to fresh record highs Business Standard News.pdf
Moody's Supply
strains will worsen for APAC companies amid energy and raw material cost pressures.pdf
Energy and raw
material cost inflation strong in Asia Pacific region - Moody's - Just Auto.pdf
US GM Plug-In
Vehicle Sales Disappoint In Q1 2022.pdf
Transportation
equipment, machinery pull down U.S. factory orders in February Reuters.pdf
Blog โ Manufacturing โ Shipments and Orders (Sales) โ United States โ February 2022 and March 2022
USA Manufacturing -
February 2022.pdf
Summary:
The decline in factory orders in February was led by a 5.3% tumble in transportation equipment. Orders
for motor vehicles and parts fell 0.6%, likely reflecting an ongoing global semiconductor shortage, which
has hampered production.
Source - https://www.reuters.com/world/us/transportation-equipment-machinery-pull-down-us-
factory-orders-february-2022-04-04/
1. PMI Index โ USA - https://worldnationnews.com/us-purchasing-managers-index-signs-
economic-slowdown-credit-markets-dim/