Manufacturing orders down, prices up amid war in Ukraine, China shutdowns

By: Supply Chain Dive
Created at: 2022-04-19
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Rising prices and sagging exports hurt manufacturing orders during the typically busy month of March, amid Russia's invasion of Ukraine and COVID-19 shutdowns in China

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March is typically the biggest month of the year for new
orders as companies stock inventory for summer and fall.

Demand remains strong, with inventories remaining low for
the 20th straight month. But as procurement teams continued to face inflated
prices, difficulty procuring raw materials, and extended lead times last month,
some paused to see if conditions would improve.

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