SOURCE: Panjiva

Panjiva

October 14, 2009 08:00 ET

Panjiva's September Analysis Sees Significant Drop in Global Trade Activity; Suggests Low Expectations for Holiday Shopping Season

Number of Manufacturers Shipping to U.S. Companies Declined 5%; Number of U.S. Companies Importing Declined 4%

NEW YORK, NY--(Marketwire - October 14, 2009) - Today, Panjiva, the leading source of objective information on global manufacturers, released its analysis of September shipments to the United States. From August to September, the number of manufacturers shipping to U.S. companies declined 5%. Similarly, the number of U.S. companies receiving waterborne shipments declined 4%.

According to Panjiva CEO, Josh Green, "These declines are the steepest we've seen since February, when global trade hit bottom, and would seem to confirm that American businesses have modest expectations for the coming holiday shopping season."

There was, however, good news in Panjiva's latest analysis:

-- This year's August-September decline is in line with declines in 2008 (7%) and 2007 (4%), suggesting seasonality may be a key driver of this year's decline

-- The percentage of significant manufacturers on the Panjiva Watch List declined slightly from 28% in August to 27% in September

-- Similarly, the percentage of significant buyers having done business with a Panjiva Watch List supplier in the preceding three months declined slightly from 38% in August to 37% in September

About Panjiva's Methodology

Panjiva's patent-pending technologies were developed under the leadership of Panjiva Co-Founder and CTO James Psota, a computer scientist from MIT. The technologies enable Panjiva to process huge amounts of data, cleanly and quickly.

To assess aggregate risk in the global supply chain, Panjiva analyzes waterborne shipments to U.S. customers, tracking manufacturers that are serving the American market. For each manufacturer, Panjiva tracks changes in volume over time. The results of Panjiva's analysis are released on a monthly basis.

Manufacturers that have suffered a 50% or greater decline in volume shipped to American customers in the most recent three month period, versus the same period a year ago, are on the Panjiva Watch List.

"Significant manufacturers" are companies that have sent 10 or more shipments to American customers within the last year.

"Significant buyers" are companies that have received 10 or more shipments from overseas manufacturers within the last year.

About Panjiva

Panjiva is an online resource for sourcing executives to gain credible and valuable knowledge about suppliers and manufacturers around the world. By providing the most comprehensive data in an easy to use format, Panjiva informs the decisions that facilitate doing business globally. Supply chain and global production executives responsible for finding the right factories, negotiating costs and avoiding costly supply chain disruptions have been "flying blind." Panjiva is the first and only online information source designed to provide complete transparency into overseas suppliers. Leveraging a variety of public and proprietary data sources, Panjiva is bringing new levels of visibility to the management of global supply chains. Panjiva was founded by CEO Josh Green and CTO James Psota. Panjiva received an equity investment from Battery Ventures and a contingent of angel investors. For additional information, visit: http://panjiva.com

Contact Information

  • Media Contacts:
    Cody Barbierri
    Version 2.0 Communications
    617.426.2222
    Email Contact

    Jean Serra
    Version 2.0 Communications
    617.426.2222
    Email Contact