Report Highlights - Q3 2024
Pre-Christmas Purchasing
The number of purchase orders placed by manufacturers has jumped in all three regions as sales demand remains high.
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United Kingdom
Purchase Order volumes rose dramatically in Q3 2024 vs Q2, and were up 23% YoY.
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Australia
Australian manufacturers placed 47% more orders with suppliers in Q3 2024 vs Q2, and 32% more YoY.
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New Zealand
New Zealand SME manufacturers placed 48% more POs in Q3 2024 vs Q2, and 22% more YoY.
Firms are stockpiling inventory
Confidence in future sales appears high as businesses start filling warehouses over and above their current needs.
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United Kingdom
The average UK SME manufacturer has £128k more stock than they currently need, pointing to confidence in future demand.
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Australia
Australian excess stock peaked for the year at $187k, despite continuing low lead times and supply chain stability.
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New Zealand
Kiwi business confidence appears to be returning as manufacturers purchased inventory ahead of future sales.
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About the report
The Manufacturing Health Index is a quarterly report that assesses SME manufacturer performance using a big data approach. Q3 2024 results were based on the performance of a cohort of 1,282 manufacturers in the UK, Australia and New Zealand that use Unleashed software to manage their operations. Findings were calculated using Unleashed’s secure records of every purchase, sale and stock movement made between Q1 2018 and the present date for each business.
About Unleashed
Unleashed is the world’s favourite inventory management software – a cloud based platform used by thousands of businesses in more than 100 countries. With complete control of all purchasing, production, warehousing and sales workflows, Unleashed helps you save time, free-up cash flow, and dramatically boost productivity.
Ready to see Unleashed in action? Watch a free 15-minute demo here – or learn more about manufacturing inventory management with Unleashed below.