The word from the Panjiva research team: we saw an increase in global trade activity in January. Specifically, the number of waterborne shipments coming into the U.S. experienced a 17% month-over-month increase from December to January, erasing last month’s precipitous decline.
Similarly, the number of global manufacturers shipping to the U.S. increased 6% versus last month. This is the first December-to-January increase we’ve seen since we began collecting data three years ago.
- The percentage of significant manufacturers on the Panjiva Watch List held steady at 18%.
- The percentage of significant buyers having done business with a Panjiva Watch List supplier in the preceding three months declined slightly, from 26% to 25%.
- Manufacturers that have suffered a 50% or greater decline in volume shipped to American customers in the most recent three month period, versus the same period a year ago, are on the Panjiva Watch List.
- “Significant manufacturers” are companies that have sent 10 or more shipments to American customers within the last year. As of the end of January, there were 94,866 significant manufacturers.
- “Significant buyers” are U.S. companies that have received 10 or more shipments from overseas manufacturers within the last year. As of the end of January, there were 81,508 significant buyers.
We are very happy to report that we are once again working with Sourcing at MAGIC, North America’s largest sourcing event, to make it easier for buyers and suppliers to find each other.
- Panjiva users can search specifically for Sourcing at MAGIC exhibitors.
- On the Panjiva platform, you’ll find supplemental information about the exhibitors provided by the exhibitors themselves.
- MAGIC attendees are eligible for free access to Panjiva between now and the end of next week’s show.
- Panjivans will be on-site at Sourcing at MAGIC to help attendees and exhibitors find each other.
Attending Sourcing at MAGIC? Want free access to Panjiva — or want to schedule an appointment with a Panjivan? Email firstname.lastname@example.org.
Are you an aspiring developer or designer? Hit up this weekend’s Developers & Designers event. Panjiva’s co-founder and CTO, Jim Psota, will be there to discuss PostgreSQL and probably Panjiva too.
Over 300 of tomorrow’s greatest designers and developers — that means today’s high school and college students — will be at the event to learn more about making web and mobile applications from those who have successfully done it. In addition to Jim, there will be other inspiring tech entrepreneurs speaking, including Dharmesh Shah from Hubspot and John Resig from Mozilla.
The event, taking place this Saturday, Feb. 5 at Microsoft’s NERD Center in Cambridge, Mass., is free for students. To learn more or register, visit http://developersdevelopersdevelopersdevelopers.org/. If you’re attending and have specific areas for Jim to address, or would like to talk to him more about Panjiva, he’d love to hear from you, so email email@example.com.
Today, I’m excited to announce the latest addition to the Panjiva platform: Trendspotting.
Trendspotting helps sourcing executives with a critical step in the sourcing process: figuring out which countries to source product from. Specifically, for any product category, Trendspotting helps you identify which countries are hot sourcing destinations. You can learn more over at http://panjiva.com/trendspotting.
In at least one respect, Trendspotting is a significant change for Panjiva. It is the first time that we have worked with data that is not company-oriented. Up until now, we have focused exclusively on organizing data on individual suppliers — with the aim of building the world’s best tool for developing short-lists of potential suppliers. However, our customers have consistently given us feedback that they need help before they begin developing their short lists of potential suppliers. They need help figuring out where in the world they should be focusing their attention — particularly as China ceases to be the only place worthy of consideration.
And so we turned our attention to creating the world’s best tool for developing short-lists of potential sourcing destinations. From here, the process of creating Trendspotting will be familiar to anyone who knows the Panjiva story. We listened hard to buyers in order to understand how they traditionally tackled the challenge of figuring out where to source from. We looked around for data that could inform their decision-making process and found that there was indeed useful data that had been in the public domain for years. Not surprisingly, our buyers (and in fact some of our competitors) had tried but largely failed to get insight from this data because it was just too hard to work with. However, our technical team thought they were up to the challenge, and best I can tell, they were. But don’t take my word for it. Try the free version out at http://panjiva.com/trendspotting, and let us know what you think!
Congratulations to Panjiva’s account management team for developing a thorough understanding of our clients’ needs, and congratulations to Brad Cater, Trendspotting‘s lead developer, who made census data easier to use than anyone thought possible.