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Jabil's Global Category Intelligence Archive
Global Category Intelligence
Q2 2024
Jabil's Global Category Intelligence Archive
Global Category Intelligence
Q2 2024
Executive Summary
Q2 2024
Welcome to the Q2 2024 edition of our Global Category Intelligence Report!
Our latest update provides insights across the indirect procurement ecosystem and includes in-depth analysis across the extensive range of categories that Jabil’s experts trade in daily. In this publication, we offer our perspective on industry-recognized spend categories, deeper sub-commodities, and areas of regulation that we believe our partnership network will find valuable and insightful.
We highlight the real-world impact of macroeconomic shifts as they continue to drive supply chain uncertainty, including the impact of above-target inflation, tight monetary policy, and dampened demand. We also provide our perspective on the market: despite surpassing expectations in 2023 amid geopolitical tensions, the economy looks set to stabilize in the latter half of 2024.
Our experts assess the industrial impact of the disparity between advanced economies - who are preparing for a slowdown in real GDP growth, a soft landing, and an acceleration in output next year - with the Asia Pacific region - including India, Indonesia, the Philippines, and Vietnam – who are, despite the challenges in China, anticipating an increase in activity which will drive global growth.
Our team of experts also provides their operational analysis of the significant shift occurring in the technology space as AI, ML, and Decision Intelligence continue to disrupt the indirect goods and services ecosystem. They highlight the shifts in the energy market as consumption from data centers, AI, and the cryptocurrency sector is likely to double by 2026.
We also provide recommendations and insights on mitigating risk as electricity prices remain stubbornly above pre–pandemic levels despite falling from record highs. We also highlight the ongoing challenges in the logistics segment due to attacks on container vessels in the Red Sea and low water levels in the Panama Canal.
As these disruptions continue to drive volatility, the need for meaningful intelligence and an “outside-in” perspective has never been greater. I hope you find our latest publication insightful and valuable.
As always, if you have any questions, please get in touch with our Market Intelligence Manager, Josh Wilson.
Yours sincerely,
Heidi Banks
Global Indirect Procurement
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