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SUPPLY CHAIN SPARE CAPACITY INCREASES FOR 3RD CONSECUTIVE MONTH AND NOW AT HIGHEST LEVEL SINCE JULY 2023 AS GLOBAL ECONOMIC WEAKNESS INTENSIFIES: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

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North America factory purchasing activity deteriorates more quickly in September, with demand at its weakest year-to-date, signaling a quickly slowing U.S. economyFactory procurement activity in China fell for a third straight month, and devastation from Typhoon Yagi hit vendors feeding Southeast Asian markets like VietnamEurope’s industrial recession deepens, leading to an even larger increase in supplier spare capacityCLARK, N.J., Oct. 11, 2024 /PRNewswire/ — The GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs based on a monthly survey of 27,000 businesses — decreased in September to -0.43 (August: -0.37), its lowest level in 14 months and indicating the greatest level of global supply chain spare capacity since July 2023.

The rise in underutilized vendor capacity was driven by a further deterioration in global demand. Factory purchasing activity was at its weakest in the year-to-date, with procurement trends in all major continents worsening in September and signaling gloomier prospects for economies heading into Q4.
Notably, supplier spare capacity shot up again in North America. U.S. manufacturers lowered their purchasing volumes aggressively in September, with a slowing of the U.S. economy denting factory orders. 
In Asia, supply chain spare capacity also rose to a year-to-date high. Slowing economic conditions in other parts of the globe led factory procurement activity in China to fall for a third straight month in September. There was also the devasting impact of Typhoon Yagi across Southeast Asia. Vietnam was affected in particular, causing vendor supplying this part of the region to suffer as a result.
Europe’s industrial recession intensified, reflecting the blight of major manufacturers in the continent due to macro factors like competitive pressures from China, high energy costs and a flagging eurozone economy.  
“September is the fourth straight month of declining demand and the third month running that the world’s supply chains have spare capacity, as manufacturing becomes an increasing drag on the major economies,” explained Jagadish Turimella, president, GEP. “With the potential of a widening war in the Middle East impacting oil, and the possibility of more tariffs and trade barriers in the new year, manufacturers should prioritize agility and resilience in their procurement and supply chains.”
SEPTEMBER 2024 KEY FINDINGS
DEMAND: Global demand for raw materials, commodities and other intermediate goods deteriorated more quickly in September, reflecting a stronger downturn in procurement activity across many major global economies, such as the U.S., China and Germany.INVENTORIES: In September, reports of stockpiling due to price or supply concerns remained below the long-term average.MATERIAL SHORTAGES: The item shortages indicator fell to its lowest level since January 2020, indicating improved global raw material availability as factories retrench.LABOR SHORTAGES: Reports of staff shortages leading to a rise in backlogs at manufacturers were in line with historically typical levels in September. This indicates that labor supply is generally capable of meeting demand.TRANSPORTATION: Global transportation costs once again dipped in September and were the lowest since July 2023.  REGIONAL SUPPLY CHAIN VOLATILITY
NORTH AMERICA: Index fell to a 15-month low of -0.78, from -0.62, signaling a further increase in spare vendor capacity. The U.S. market drove this, with the economyslowing ahead of the presidential election. EUROPE: Index fell to a nine-month low of -0.74, from -0.53, indicating a further intensification of the continent’s industrial downturn. Germany continues to pull other parts of the region down with it. U.K.: Index fractionally rose to -0.12, from -0.14. The U.K. is demonstrating some resilience to wider global economic headwinds — partly reflecting an ongoing post-election bounce. ASIA: Index at a year-to-date low of -0.36, down from -0.07, signalling the highest level of spare vendor capacity since December 2023. In addition to a slowing Chinese market, Typhoon Yagi dented supplier activity in Southeast Asia.For more information, visit www.gep.com/volatility.
Note: Full historical data dating back to January 2005 is available for subscription. Please contact [email protected].
The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Nov. 12, 2024.
About the GEP Global Supply Chain Volatility Index The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global’s PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global.
A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched.A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized.For more information about the methodology, click here.
About GEPGEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.
About S&P GlobalS&P Global (NYSE: SPGI) S&P Global provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world’s leading organizations plan for tomorrow, today.
Media Contacts
Derek CreeveyGEPPhone: +1 646-276-4579Email: [email protected]
Joe HayesPrincipal EconomistS&P Global Market IntelligencePhone: +44-1344-328-099Email: [email protected]
S&P Global Market IntelligenceEmail: [email protected]
 
 
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Stefanini Group Appoints Farlei Kothe as CEO for NA, EMEA, and APAC Regions

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BRUSSELS, Oct. 10, 2024 /PRNewswire/ — Stefanini Group, a global tech multinational that assists customers in their digital transformation, has appointed Farlei Kothe as the CEO for the NA, EMEA, and APAC regions. With over 15 years of experience at Stefanini, Farlei Kothe’s leadership aims to drive efficiency and strengthen Stefanini’s market position across key regions.

Stefanini aims to integrate its teams across these regions, ensuring seamless collaboration and operational excellence. By uniting resources, the company wants to offer a unified, consistent client experience. “Our focus is to drive results. We are aligning our teams across the NA, EMEA, and APAC regions to break down silos and strengthen Stefanini’s position as a unified, globally competitive organization,” said Farlei Kothe, CEO Officer for the NA, EMEA, and APAC regions.
Stefanini leverages AI and automation to enhance operations, decision-making, and efficiency across regions.
“AI and automation will revolutionize how we operate, driving rapid innovation, improving client services, and streamlining our global operations. We’re on a mission to standardize essential processes and crank up efficiency through smart automation” Farlei Kothe emphasized.
Stefanini is taking bold steps to centralize management, strengthen cross-regional communication, and implement advanced digital tools to optimize collaboration. These shifts will eliminate redundancies, accelerate decision-making, and improve response times for clients across different regions. Clients can expect more consistent services, faster resolutions, and access to a broader range of global resources, all while maintaining local support.
“Farlei has the expertise and entrepreneurial spirit to unify these critical regions and ensure we continue delivering unparalleled value to our clients. They will benefit from a unified approach, gaining access to a wider range of global resources while still receiving localized support,” said Marco Stefanini, Founder and Global CEO of Stefanini Group.
In the short term, the company expects operational costs to decrease, while in the longer term, Stefanini aims for stronger client relationships, improved brand unity, and revenue growth driven by innovative solutions.
About Stefanini
Stefanini is a global tech multinational originating from Brazil, with more than 35 years of experience in the market and a presence in 41 countries. The company invests in a comprehensive innovation ecosystem to support key industry verticals and assist customers in their digital transformation. With robust offerings aligned with market trends such as AI, automation, cloud, Internet of Things (IoT), and User Experience (UX), the company has received multiple awards and recognition in the field of innovation. 
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Northern Data Group Announces Third Quarter 2024 Earnings Conference Call

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FRANKFURT, Germany, Oct. 11, 2024 /PRNewswire/ — Northern Data AG (ETR: NB2) (‘Northern Data Group’ or ‘the Group’ ), a leading provider of AI and high-performance computing (HPC) solutions, today announces that it has scheduled its third quarter 2024 earnings conference call for Thursday, October 17th, 2024, at 4:00 P.M. CET.

During the call, management will discuss its operations and the financial results for the quarter ended September 30, 2024.
This conference call will be available through an audio webcast. Please use this link to register.
Additionally, analysts can join the conference call using their local dial-in number:
Germany Toll-Free: +49 800 0009712United Kingdom/International Toll-Free: +44 800 358 1035United States Toll-Free: +1 855 979 6654Global dial in numbers can be found here
Access code required: 183303
A replay of the conference call will be available through the Investor Relations section of the Northern Data Group website at Publications (northerndata.de)
 
About Northern Data Group:
Northern Data Group (ETR: NB2) Northern Data Group is a leading provider of AI and High-Performance Computing (HPC) solutions, leveraging high-density, liquid cooled, GPU-based technology to empower the world’s most innovative organizations. Together with our partners, we are passionate about the potential of HPC to drive not only technological advancements but also societal progress.

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At World Fibre Conference, YOFC Unveils Next-Gen Intelligent Networks for the AI Age

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SHANGHAI, Oct. 11, 2024 /PRNewswire/ — At the 2024 World Optical Fibre & Cable Conference held in Shanghai on October 10th, Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), showcased its leadership in optical technology. YOFC, renowned for its extensive work in the R&D and manufacturing of optical preform, fibres, optical cables, and data communications products, has been a principal partner of this event for many years. ZHUANG Dan, Executive Director and President of YOFC, attended the conference and delivered a keynote speech titled “Accelerating the Construction of New Optical Networks in the AI Era and Building a New Chapter of Intelligent Future.” He also engaged in a roundtable discussion with senior executives from international giants such as Europe-based Prysmian and US-based Corning, exploring key industry topics in the AI era and discussing the future of the sector.   

Mr. Zhuang discussed how AI is driving a global scientific and technological revolution, ushering society into a new era of intelligence. The transition is characterized by a dramatic surge in data traffic and increased computational needs, placing greater demands on the infrastructure supported by fibre optic networks. Concurrently, with the advancement of AI technology and the rapid evolution of fibre and cable technology, numerous new fibre products are being developed and introduced to the market. These innovations are designed to enhance various types of network infrastructure and proactively shape an intelligent future.
Specifically, innovative fibres featuring miniaturization, high-density, and anti-bending capabilities can significantly support the evolution of fixed networks towards higher density and speed, enabling the transition from Gigabit to 10 Gigabit. Additionally, advanced fibres with large bandwidth, low-loss, and low-latency properties are vital for rolling out new generations of mobile networks, such as 5G-A and soon 6G. These fibres are not just enhancing mobile networks but are also essential for data centers, where they support massive data flows by providing high-density, low-latency, and energy-efficient optical interconnections. Additionally, the role of submarine cables, which boast large capacity, extended reach, and superior stability, remains indispensable in building the backbone of the global communication network.
Amidst these technological shifts, YOFC has capitalized on the opportunities presented by AI innovations. The company recently unveiled its i-Fibre series, which stands out for its ultra-large capacity, minimal loss, and low latency, combined with integrated sensing, communications capabilities, and environmentally friendly features. Through this initiative, YOFC is aiming to provide robust infrastructure support necessary for building an intelligent future.  
Notably, YOFC’s G.654.E fibre stands out with ultra-low attenuation. It combines a low non-linear effect (large effective area) with a small attenuation coefficient, significantly extending transmission distances. These features make it a preferred choice for 800G and 1.6T ultrahigh-speed transmission in the AI era. Since initiating the R&D of the fibre in 2010, YOFC has achieved a leading position in the global market, deploying more than one million fibre kilometers of this cutting-edge product. With a substantial market presence in China, the company has notably impacted infrastructure projects for major telecoms and utility providers including China Mobile, China Telecom, China Unicom, and the State Grid Corporation of China, and has expanded its influence to projects in the Philippines, Brazil, and beyond.  
To meet the demand for ultra-large bandwidth and high-speed interconnections in data centers, particularly within intelligent computing networks, YOFC has rolled out next-generation high-end multimode fibres, including the OM4 Ultra and OM5. These fibres have been widely adopted in numerous large data centers worldwide, driving intelligent computing into a new era of high efficiency and environmental responsibility.
Additionally, YOFC remains committed to the R&D of next-generation mainstream fibres, such as space division multiplexing (SDM) fibres and hollow-core fibres. SDM fibre, which can increase the transmission capacity of a single fibre by tenfold, is engineered to satisfy the needs for ultra-large capacity and ultra-high density connectivity in the AI era. YOFC has ramped up to mass production, supported by comprehensive in-house capabilities for developing key raw materials and an array of production and testing equipment. The company is actively conducting pilot tests with operators to refine these advancements.
Furthermore, YOFC is pioneering in hollow-core fibre technology, which offers substantial advantages over traditional solid-core fibres by significantly reducing latency and attenuation while boosting capacity. This is particularly beneficial for applications that require minimal latency, such as long-distance communications and data center interconnections crucial for powering extensive AI models. With robust in-house research and collaborative efforts with both domestic and international carriers and data centers, YOFC is not only advancing technology but also solidifying its leadership in the field, accumulating valuable engineering experience and showcasing its industrial expertise.
Sir Charles Kuen Kao, who invented fibre optics, famously declared that this technology would dominate for 1,000 years. Echoing this sentiment, Mr. Zhuang pointed out that the current data and computation surge in the AI era is catalyzing swift advancements and industrial improvements within the industry. According to CRU’s latest forecast, the global fibre and cable market is anticipated to experience an average annual growth rate of 4.6% by 2028, with Asia-Pacific, Africa, and North America exceeding 5%. These figures signal a robust future growth phase for the sector.
Since its establishment in 1988 and the commencement of operations in 1992, YOFC has been committed to connecting every corner of the world with optical fibres. The company has delivered over 1 billion core kilometers of fibres, operating in more than 100 countries and regions while serving over 3 billion people. YOFC has also reduced its carbon footprint by 9.25 million tons and contributed to increasing the global penetration of fibres. On its journey to harness the power of light, YOFC remains steadfast. As Mr. Zhuang indicated, YOFC will stay true to its mission of continuously innovating, and developing more advanced, reliable, and premium products and solutions. In collaboration with industry peers, the company seeks to accelerate the construction of next-generation fibre networks in the AI era, collectively envisioning a grand blueprint for an intelligent future.
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