Manufacturing Has Recovered: Vendor Performance a Growing Problem
It was an ugly recession, but manufacturing has now fully recovered, based on the survey from the Institute for Supply Management (formerly called the Purchasing Managers Survey.)
Note also that this index is not a direct measure of production, but an index based on a number of production-related survey questions.
One important business implication is to pay attention to vendor performance, as we said in one of our series, 11 Business Challenges in 2011.
Read how to manage vendor performance in the economic recovery.