Original Article, SupplyChain Dive, Author Shefali Kapadia

Seven out of ten manufacturing executives agree that a prolonged trade war would lead to a global recession, with 61 percent suggesting that this year’s recession is imminent, according to a LevaData survey of over 100 manufacturing and manufacturing executives across the automotive, consumer goods, life sciences, industrial and tech sectors.

Supply chain managers should tread cautiously and firm up risk management strategies. They should closely follow purchase orders and inventory to make sure supply and demand stay in check. On the procurement side, companies should watch for market signals such as consumer and business confidence and slow manufacturing growth because these are signs of an economic downtown.

The farming industry, especially soy bean farmers, and the tech industry are especially hurting. As soy beans are being sources from other countries, the US farmers are fearing a significant market share loss. In tech, U.S. manufacturers are reporting law margins and blaming the trade war.

For a deep analysis, read the original article from Supply Chain Dive. https://www.supplychaindive.com/news/trade-war-global-recession/570948/