Inventory stockpiling hits record, survey finds
From Logistics Manager Magazine,
Published Monday 1 April 2019 12:17 pm
Manufacturers efforts to build safety stocks ahead of Brexit
have resulted in survey-record increases in inventories of both
purchases and finished products, according to the IHS Markit/CIPS
Purchasing Managers’ Index.
The index rose to a 13-month high of 55.1 in March as manufacturers
stepped up production to build-up inventories in advance of Brexit and
also meet rising inflows of new work (mainly reflecting stockpiling at
Trends in output and employment also strengthened as stockpiling operations at clients led to improved inflows of new work, the survey found.