Afternoon Coffee: US Services Sector Subdued in June, Panama Canal Expansion Open

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Growth in the U.S. services sector remained unchanged from May, according to Markit’s Flash U.S. Services Purchasing Managers’ Business Activity Index, which came in just above 50. The subdued growth in June brought the average index reading for the second quarter of the year to 51.8, just slightly higher than the first quarter’s reading.

The expanded Panama Canal opened Sunday, June 26. The $5.4 billion expansion project — nearly 10 years in the making — now means larger ships can travel the roughly 50-mile canal.

Many logistics organization were unprepared for last week’s Brexit vote. A survey by Logistics Manager showed fewer than one in five logistics companies had a plan in place to respond to Britain's exit from the European Union, despite more than half expecting the exit to have an impact on their business.

A new report by JDA shows just 19% of retailers actually make a profit on omni-channel fulfillment. The report also shows how retailers will increasingly need to focus on supply chain management as customers continue to demand omni-channel shopping options.


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