FW: March supply chain data craters following inventory pull-forward

FREIGHTWAVES reports:

A monthly survey of supply chain manager sentiment logged its third-fastest rate of decline in March, with only an early-COVID reading and Russia’s invasion of Ukraine triggering bigger moves in the 9-year-old dataset.

The Logistics Managers’ Index fell 5.6 percentage points to 57.1, the lowest reading since August and a significant step down from the first two months of the year, which provided the highest readings since June 2022. (The LMI is a diffusion index in which a reading above ...