WHATS NEW?!
Good Morning, Good Evening, and Goodnight,
Welcome back to another market update, in this journal I’m going to talk about the supply chain events in a retrospect of this month. This month’s journal will capture an overall update over the past topics in previous months discussed, and how the federal reserve is doing their part in this ever changing landscape in our economy!
The sole purpose for me to do this is to spark a conversation with you in the future and maybe gain perspective of your thoughts and strategies.
“An investment in knowledge pays the best interest.” – Benjamin Franklin
In this journal I’m going to Daiiv into supply chain updates, market insights, and more into innovations. This is the fourth journal for 2024 and I’m excited to share that all my journals are published on my personal website: Daiviksuresh.com
A direct link to all my journals is here: CLICK ME!
(My close network gets PDF journals as soon as they are written, if you would like to be a part of that thread find the best way to connect with me through my website!)
Warning: Market talk ahead. This is not financial advice; most investments carry a risk of losing some or all of the invested capital.
Newest Update!
Crude Calm Amidst Global Turmoil: The WTI futures traded at $84.83 per barrel. The World Bank projected that the average oil price for the remainder of 2024 will be around $84.
Technology in Supply Chain:
SAP’s AI-Driven Innovations: SAP announced AI advancements in its supply chain solutions that aim to transform manufacturing. SAP’s AI copilot Joule to gather and enhance new product ideas quickly and effectively. These AI-driven insights from real-time data will help companies make better decisions across supply chains, streamline product development, and improve manufacturing efficiency. Customers have already witnessed benefits, including an approximately 15% increase in supply chain workforce productivity, a 10% decrease in overall supply chain planning costs, and a 10% reduction in inventory carrying costs and stock turnover rate.
Self-Driving Trucks: Self-driving semi-trucks have already hit the road. Aurora Innovation has been testing their autonomous self-driving semitrucks on American highways. Founded in 2017 by former Uber execs, Google’s self-driving project and Tesla, Aurora has been training its driverless rigs in Texas since 2020. 20 autonomous vehicles operating a 240-mile stretch of road between Dallas and Houston and hopes to deploy thousands of these cybernetic semis in several years.
Federal Market: The annual CPI rate for the United States was 3.5% for the 12 months ending March. A 0.3% increase from last month! The Fed wants inflation to be lower than 2% but we are sitting at 2.7%. FOMC meeting had mentioned only 3 rate cuts this year, but we are lucky to see 1 in my opinion. But if I am brutally honest, I don’t see any rate cuts this year.
The biggest question for many economists heading into 2024 was when the Fed will begin cutting rates, something that investors have been hoping will happen soon. But the hotter-than-wanted inflation reports have pushed back the expected timing, raising the stakes for the election season.
If you would like to contact me, please navigate through my website, and find the best way to connect!
Sources
SAP
Written By:
-DAIVIK SURESH-
