Anonymous ID: 416ecb Dec. 4, 2023, 12:51 p.m. No.20025138   🗄️.is đź”—kun

>>20025108

No you don’t

And what you do post is a stale meme and the board log reflects you and your IP hopping faggit(s)

You have no correlation to what the log sez to your continued statements

You post your stale memes

Fuggen Whitney ass parrot

 

Fun seeing you 3 letter bois lose yer shit and try the “No you” game when that Comer doc released

Send moar faggits there isn’t enough of you yet

Anonymous ID: 416ecb Dec. 4, 2023, 1:14 p.m. No.20025254   🗄️.is đź”—kun

Global factory inventories up 30% in 4 years as China slows

 

Big manufacturers worldwide are struggling to chip away at inventories that accumulated during the pandemic, even with supply chains returning to normal, as economic weakness in markets like China saps demand.

Inventories totaled $2.12 trillion at the end of September, up 28% from the pre-COVID level of December 2019, based on a tally of 4,353 companies with comparable QUICK-FactSet data. Many businesses built up their inventories during the pandemic as a strategic decision in response to supply chain disruptions, with high material costs also playing a role.

 

The March 2023 figure of $2.2 trillion was the highest in 10 years, and the September tally was still up 2% on the year despite efforts to reduce excess stock. Inventories are a leading indicator of economic activity. The slow pace of inventory turnover threatens to depress post-pandemic global growth. Companies needed 87.2 days to run through their stock as of the July-September quarter – the highest figure in the past decade, excluding April-June 2020, when sales plummeted due to the pandemic. Industries with especially long turnover times included industrial machinery, with a 10-year high of 112 days, and electronic equipment like controls, at 140 days. More than 70% of the 40 or so industries examined had longer turnover periods last quarter than a year earlier.

 

Slowing sales in China have dragged on many companies.

Japanese robot maker Fanuc has noted that inventory adjustment for its factory automation equipment is taking longer than expected with capital spending in China still in a "wait-and-see" mode. Air conditioner maker Daikin Industries said that "with the difficult conditions in the real estate sector, clearing distributor inventor has been difficult industrywide." Europe's economy is also showing signs of cooling, hitting companies like Swedish industrial machinery maker Sandvik, which has said it is still unclear on how long its inventory adjustment will continue. 

Inventories are high at Japanese construction equipment maker Komatsu's European distributors, and orders there have declined.

Even in North America, where the economy is relatively strong, Japan's Mitsubishi Electric has seen sales in its air conditioner and appliance segment fall as distributor inventories accumulate. U.S.-based Cummins faces a similar slowdown in sales of construction equipment engines due to high distributor stock.

The inventory overhang puts a weight on cash flow. For 4,076 companies with comparable data, their most recent annual net profits totaled $945.9 billion, up 42% from pre-COVID levels. But operating cash flow grew more slowly, rising 24% to $1.38 trillion, with higher inventories dragging down the total by $250 billion.

Moar

https://asia.nikkei.com/Business/Business-trends/Global-factory-inventories-up-30-in-4-years-as-China-slows