World trade data from Tradeshift’s Q2 Index of Global Trade Health shows transaction volumes across US supply chains grew at their fastest pace in more than two years as domestic trade activity rebounded following a recent slump.
Tradeshift’s analysis of purchase orders and invoice patterns across its cloud-based network reveals a more uneven global trend. Total transaction volumes across the Tradeshift platform grew at 4 points below the expected range, a modest improvement on the 5-point deficit in Q1, but nonetheless evidence of a trading environment that remains sluggish.
Globally, order volumes stayed flat at 2 points below the expected range in Q2. Key sectors, including transport and logistics, and manufacturing, also appear to be settling into a lower rhythm after consecutive quarters of steeply declining activity.
Invoice volumes fell sharply in Q2, suggesting that supply chains are having to adjust to the prolonged drop in orders.
Additional findings from the Q2 Index include:
Read the full report for insights on how you can build resilience across your supply chain.