Summary: There were increases in orders for machinery, primary metals and electrical equipment, appliances and components. Orders for computers and electronic products also rose as did those of fabricated metal products. Shipments of manufactured goods increased 2.3% after rising 1.1% in February. Inventories at factories gained 1.3%. Unfilled orders rose 0.4% after climbing 0.5% in the prior month. The Commerce Department also reported that orders for non-defense capital goods, excluding aircraft, which are seen as a measure of business spending plans on equipment, rebounded 1.3% instead of 1.0% as previously reported last month. Source - https://www.nasdaq.com/articles/rise-in-u.s.-factory-orders-beats-expectations-in-march

1. P A U L Y O U N G C P A C G A
M A Y 4 , 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 MFG - March
2022.pdf

5. USA Manufacturing / Shipments
USA MFG - March
2022.pdf

6. PMI Index
BMO - Unfilled and
Filled Orders - USA Manufacturing.pdf

7. Steel
Global crude steel production declined for the ninth consecutive month in March with the drop in Chinese output
being the prime factor. India, on the other hand, witnessed a positive growth trend in March.
Source – https://www.thehindubusinessline.com/markets/commodities/global-steel-output-drops-for-the-9th-
month-in-march/article65346095.ece and https://www.slideshare.net/paulyoungcga/steel-sector-canada-and-
the-united-states-march-2022pptx

8. North American Equipment Sales
Source - https://www.aem.org/Market-Data/
US-Month-Ag-Report
-3-2022.pdf
CAN-Month-Ag-Repo
rt-3-2022.pdf

9. Commodity
Prices
SOURCE -
HTTPS://WWW.WORLDB
ANK.ORG/EN/RESEARCH/
COMMODITY-MARKETS
CMO-Pink-Sheet-Apri
l-2022.pdf

10. 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

11. Oil and Gas

12. Reshoring of Manufacturing
Source - https://www.ttnews.com/articles/2020-events-force-manufacturers-rethink-reshoring-operation-plans

13. 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

14. 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

15. 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

16. Summary
• USA manufacturing will continue to face many challenges
Blog – Manufacturing – USA – March 2022 and April 2022
USA MFG - March
2022.pdf
BMO - Unfilled and
Filled Orders - USA Manufacturing.pdf
U.S. Manufacturing
Gauge Unexpectedly Falls to Lowest Since 2020.pdf
Steel prices could
rebalance but where will the US steel market get its scrap - Fastmarkets.pdf
Mike Rowe on Skills
Gap ‘To Make America Great Again, We Have to Make Work Cool Again’.pdf
Customers are key in
softwood lumber dispute Doer Driving.pdf
BP to ramp up oil
output, inaugurate U.S. Gulf platform in 2022 Reuters.pdf
Nutrien sees
disruption to global food supply chain lasting for years Financial Post.pdf
Global Agriculture
Equipment Market To Grow At Rate Of 6.8% CAGR Through 2030 The Brainy Insights - EIN Presswire.pdf
USA Automotive
Sales - April 2022.pdf
ATRI Tallies Impact of
Zero-Emission Trucks Transport Topics.pdf
Biden’s Team Puts Up
Over $3 Billion to Boost Battery Output Transport Topics.pdf
Bidenflation fuels
sharp rise in factory orders.pdf
Since Dec/20 the petroleum and coal products seen the largest growth in manufacturing sales in the
USA.
Primary and metals has seen a sizable mix change since Dec/20
Transportation equipment continues to experience seeing both mix and growth decline since Dec/20
Biden government continues to focus on critical metals and battery market -
https://www.wfmz.com/news/ap/ap-business/biden-order-to-boost-mining-may-not-have-quick-
payoff/article_b79524bf-05e9-523d-bd20-85efe25aa81f.html
1. Manufacturing shipments and orders - A measure of U.S. manufacturing activity unexpectedly
dropped in April to the lowest level since 2020 as growth in orders, production and employment
softened. https://ca.finance.yahoo.com/news/u-manufacturing-gauge-unexpectedly-falls-
141145445.html
2. USA raw material costs - https://www.fastmarkets.com/insights/where-will-the-us-steel-
market-get-its-prime-scrap
3. Skills gap - https://www.bodyshopbusiness.com/mike-rowe-skills-gap-make-america-great-
make-work-cool/