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Global Suppliers Decline By 70%


(Filed Under Fashion News). Panjiva, a New York-based online resource for sourcing executives to gain credible and valuable knowledge about suppliers and manufacturers around the world, has filed an analysis discussing the 70 percent decline on the number of active global apparel suppliers to the U.S. in three months.

In the second half of 2008, Panjiva reveals, the number of suppliers actively serving the U.S. market dropped from 22,099 in July to 6,262 in October. Of those factories still active in October, 40 percent are now on the Panjiva Watch List. To be listed under the Panjiva Watch List, a supplier must have suffered a year-over-year drop of 75 percent or more in volume shipped to U.S. customers. To be considered active, the supplier must have shipped to an American customer within the past three months.

“These numbers paint a frightening picture of the state of the world’s suppliers. U.S. companies who maintain their customer base through the economic downturn may nevertheless find their survival threatened by the disappearance of their supplier base,” said Josh Green, Panjiva CEO.

According to Aberdeen Group’s July 2008 survey and report on supply chain risk, 58 percent of companies surveyed “suffered financial loss because of supply chain disruptions.” Founded in 1988, Aberdeen Group is the leading provider of fact-based research focused on the global technology-driven value chain.

Panjiva, founded by CEO Josh Green and CTO James Psota, offers two new services that help maintain companies flag risky suppliers and allow them to identify new healthy suppliers. The services are the Panjiva Alerts and the Panjiva search, respectively. Earlier this year, the company received an equity investment from Battery Ventures, an investment firm, and a contigent of investors that included Larry Summers, the former U.S. Treasury Secretary and incoming director of the National Economic Council.

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Published 12-30-2008 by Bruna Fernandes

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Global Suppliers Decline By 70%

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