Subscribe to our free, weekly email newsletter!



Regarding consumer confidence: curb your enthusiasm

By Patrick Burnson, Executive Editor
October 14, 2011

The Reuters/University of Michigan consumer sentiment index fell again. Every major component of the consumer sentiment index fell. Consumer confidence is inching itself deeper into the recession zone. The summer was a brutal season for consumer confidence.

In September, the consumer sentiment index inched up as the negativity related to the political bickering and finger pointing in Washington D.C. over the debt ceiling crisis started to wear off a little, said analysts at IHS Global Insight.

“The debt issues in Europe, increasing volatility in the equity markets, poor job prospects, and higher consumer prices are starting to chip away at consumer confidence once again,” reported IHS today. 

This is not good news. However, since gasoline prices have fallen, households have some extra money to spend on other things. Consumer confidence is at recessionary levels; however, retail sales are still chugging along. Consumer spending would be significantly higher if consumer confidence were not so low, and if firms were hiring at a faster rate.

What is the logistics and supply chain community to make of all of this? Curb your enthusiasm, and soldier on.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

Non asset-based third-party logistics (3PL) services and logistics technology services provider Transplace said today that Brooks Bentz has joined the company in a newly-created role as president of Transplace Consulting in conjunction with the launch of the company’s new North American consulting services practice.

The advent of e-commerce continues to grow and gain increased traction over time. The many ways for consumers to order and purchase goods online continues to expand and leads to various subsequent byproducts of online purchases, including shopping through multiple channels, and delivery and payment options, among other things. These types of topics serve as the thesis in the second annual UPS Pulse of the Online Shopper Global Study issued this week by UPS and comScore Inc.

A major highlight of CEVA’s fourth quarter performance was its new business wins, which were up 14 percent for all of 2014, with Freight Management wins up 14 percent, and Ocean Freight and Air Freight wins up 30 percent and 14 percent, respectively, while Contract Logistics wins were up 2 percent.

When an industry is changing rapidly, companies must adapt in order to survive. In this whitepaper, a global publisher was seeking a partner that could mitigate risk and build a platform flexible enough for their shifting customer expectations. The solution enabled the company to rewrite their operations game plan and transform their supply chain.

Article Topics

Blogs · Global Logistics · Global · Economy · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA