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Global Manufacturing Inventory Levels Hit a Record $1.8 Trillion

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Record high manufacturing inventory levels could mean trouble
[Photo: Getty Images and AFP/Jiji]

Manufacturers Struggle with Multiple Global Challenges

A broad group of global manufacturers in diverse markets from Ford to Samsung have seen their inventory levels swell as consumer demand weakens in the wake of surging inflation and destabilizing economic conditions, according to a new analysis by the Nikkei. According to their research, global manufacturing inventories have swelled to $1.8 trillion, a record total that is the highest measured manufacturing inventory level in the last ten years.

Learn more about rising manufacturing inventory levels

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Consumer Confidence in June at Lowest Level in 16 Mos

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Consumer Confidence in June dropped

The Conference Board announced on Tuesday that consumer confidence in June, as measured by their Consumer Confidence Index, a key indicator of the state of mind of the U.S. consumer, has dropped to a reading of 98.7. This is the first time that the Index has been under its 100 reference level since a post-2020 pandemic recovery. Generally, a reading under 100 indicates a pessimistic consumer likely to cut back on spending.

This is the lowest reading for consumer confidence since February 2021.

See the latest on a declining consumer confidence index

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If I Was an Integrator Specifying Savant, I’d Do This Immediately

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more integrators are selling Savant smart energy solutions

Company’s Power Division Expands National Distribution

You may have seen the recent announcement from Savant that they have broadened the distribution of their new energy management solutions to a pair of new, strategically significant distribution partners. You may have ignored this news, perhaps not recognizing the distributors who are both better known in the electrical/renewable contracting communities.

But if you are an integrator who specifies Savant products in your proposals, you should be really paying attention to what this company is doing with its powerful (pun intended) energy management strategy. It’s big!

What I would do if I were an integrator selling Savant products…

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B&W Launches All-New Px7 S2 Wireless, Noise-Canceling Headphones

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B&W Px7 S2 headphones

Today Bowers & Wilkins (B&W) launched the all-new Px7 S2 wireless noise-canceling headphones, designed to replace the previous PX7 that the company says was an “award-winning” product. A premium grade set of headphones, B&W says the new Px7 S2 will “deliver the most detailed, natural and immersive sound available – the True Sound of the artist’s intent.”

Learn more about the new B&W Px7 S2 wireless headphone

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What?! Both New Homes Sales & Pending Home Sales Jump in May

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Photo of home by Shenandoah Homes

A Fluke? Or is Housing Making a Comeback?

Data released on Friday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development showed that sales of newly constructed homes actually increased in May. At the same time, the National Association of Realtors released new data on pending home sales which also showed a surprise jump in contracts in May.

What’s going on? Is the housing market mounting a comeback?

What does this surprise increase in new & pending home sales mean?

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CEDIA Expo 2022 Keynote Presentation Offers an Intriguing Departure

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CEDIA announced yesterday its keynote speaker for the upcoming CEDIA Expo 2022 show who appears to offer an interesting departure from past more directly technical keynote presentations. This year’s presenter is Greg Durkin, a marketing and data guy who comes from an entertainment industry marketing background and appears to have expertise in content curation and data analysis.

See more on this unique keynote presenter

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With Demand Slack & Inventory Levels Building, Samsung Cuts Procurement

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Samsung logo

Is an Industrywide Slowdown in Tech Beginning?

Samsung Electronics is taking action to hold back on procurement orders and asking suppliers for concessions, such as delayed deliveries, order reductions, and more in the wake of a concerning buildup of inventory. While the action is said to be temporary, concerns over a slowing global economy make it difficult to determine how long the company will deem these actions are necessary.

See more on Samsung’s actions to cut inventory buildup

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New Smart Audio Report Shows Voice Tech is Growing, but Rate Slows

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cover page of the smart audio report

In the latest research on the smart audio market, analysts see clear progress in the expansion of voice technology both in terms of the growing number of devices containing it, and the expanding uses to which voice control is being used. While much of the results of this latest survey are specific to smart speakers, this version goes well beyond that to looking at voice in all sorts of devices.

See all the latest on the growth of Smart Audio

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Housing Starts in May Slide -14.4%, Lowest Level of Building in 13-Months

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Photo of a home being built

A new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development notes that residential housing construction starts (housing starts) has taken a pretty severe downturn in May with overall starts sliding fully -14.4%. This is yet another indicator of the slowing growth in the housing market, as rising mortgage rates, overall inflation, and high housing prices begin to cool the once red-hot housing market.

See all the details from the latest report on housing starts…

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