Supply Chain Research

U.K. export managers became more optimistic, or at least less pessimistic in October. The balance of those expecting an increase vs. a decrease in exports moved to -6 from -10. Total orders are expected to increase 12% in the coming quarter, likely reflecting a 7% drop in the pound vs. the dollar in October due to “hard Brexit” expectations. This already had an impact in September – Panjiva data shows seaborne exports to the U.S. increased 4%.