April - Chicago Business Barometer™
The Chicago Business Barometer™ slipped 3.0 points to 44.6 in April. This more than reverses March's 2.1 point rise, but still leaves the index above January 39.5 reading. The index has been in contraction for seventeen consecutive months.
The decrease was driven by a pull-back in New Orders and Production, and to a lesser extent Supplier Deliveries. Order Backlogs and Employment rose relative to March.
March special question asked: "What are you doing as a result of the tariff uncertainty? (Answer all that apply). Majority 32% answered "Temporary surcharges" and "Unknown", 29% responded "Hiring freeze", with 21% of respondents reporting "Switching Suppliers". 29% of respondents selected "Other", with a focus on monitoring risk and customers asking for more domestic products.
Released April 30, 2025.
In Times of Uncertainty, Bet on Your People and Innovate
Focus on these four things to survive chaotic times.
In uncertain economic times and disruption caused by new technologies such as AI, research shows that's when companies should double down on upskilling and training their workforce, look for ways to innovate and engage in scenario planning to prepare for industry shifts, writes Raghu Krishnaiah, the chief operating officer at University of Phoenix. "Companies that prepare for multiple scenarios will fare better than those that simple wait to react," writes Krishnaiah.
Full Story: Chief Executive (03/21)
Gartner Asks: How Can We Secure a Supply Chain Network?
Gartner's '12 Keys to Securing the Supply Chain Network' research highlights the need for a risk-balanced approached to supply chain resilience
Gartner has released a report identifying 12 steps for delivering supply chain resilience and continuity through strategies like multi-sourcing and supplier diversification. "As the supply chain landscape continues to evolve, it has become increasingly important for supply chain leaders to focus on building resilience or redundancy, " writes Gartner's Ronak Gohel.
Full Story: Supply Chain Digitial (03/18)