June Highlights:
- Following seasonality, both global design and sourcing activities observed month-over-month decreases in activities across Supplyframe’s Design-to-Source network
- Global design activities decreased -9% month-over-month but continued to show signs of growth versus prior year. The decrease in month-over-month design activities were observe across all regions with APAC observing the largest decrease in activities (-12%). The decrease in activities were observed across all product categories
- Global sourcing activities decreased -8% month-over-month and -24% year-over-year. Similar to design activities, global sourcing activities decreased across all regions and product categories
Q2 2024 Highlights:
- Global design activities grew +8% quarter-over-quarter while global sourcing activities decreased by -8% quarter-over-quarter
Q3 2024 Outlook:
- For calendar Q3, global design activities are expected to decrease -5% quarter-over-quarter, while global sourcing activities are expected to decrease -8% quarter-over-quarter