Logistics Managers Index seeks upward trend after slump in early July

The beginning of July saw cooling in the logistics components that make up the Logistics Managers Index (LMI), a survey of those in charge of the supply chain for their organization. The index provides leading economic indicators to help economists access and predict economic changes. An ASU supply chain expert shares more with Arizona PBS.

In this story aired Aug. 18, 2022, on Arizona PBS:

A lot of times, we measure the economy using the gross domestic product. But that's a lagging indicator. It tells you what happened; it doesn't tell you what's going to happen. Before someone buys something at retail, which would be included in GDP, it's got to get on a truck, maybe a ship, it's got to be in a warehouse. It's got to be in somebody's inventory. So we measure eight components around logistics to see if we can figure out what's going to happen. So far in six years, we've been pretty accurate.

– Dale Rogers, professor of supply chain management and ON Semiconductor Professor of Business