Food products, steel and adhesives among the most demanded services in the first quarter of 2022
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Welcome to this week’s edition of the Thomas Index Report.
In today’s report, we will look at some of the Q1 2022, National Industrial Sourcing and Sector Sourcing Trends highlighted in the recently released Sourcing Activity Snapshot report. This proprietary information is based on data from the 70,000 categories of products and services on Thomasnet.com.
The five states with the most sourcing activity on Thomasnet.com were:
- New York
Our data shows that the top 5 products by volume of sourcing activity on Thomasnet.com were:
- Nitrile gloves
The first 5 services were:
- CNC machining
- Metal fabrication
- Aeronautical and aerospace CNC machining
- Plastic Injection Molding Services
To see the full list of the top 20 products and services, download the first quarter 2022 procurement activity snapshot for free.
This quarter, the Sourcing Activity Snapshot also introduced new sector-specific data analytics for a range of key industries, including aerospace, medical and healthcare, and construction. As a preview, let’s dive into the sourcing activity specific to the automotive sector. Unsurprisingly, Michigan saw the most auto-related search activity on the platform. The top 3 searches were for wipes and wipers, cleaning products, and stamping services. Specifically, automotive engineers were looking for additive manufacturing services, while automotive MRO professionals were looking for engraving services, and supply chain managers were focusing on sourcing finders.
To learn more about first quarter industrial supply activity, national supply themes and industry trends, Download the first quarter 2022 procurement activity snapshot report for free.
I’m Cathy Ma, and this is the Thomas Index report.
Top 10 categories with the most sourcing activity month over month
- Software: 21,777.4%
- Connectors: 15,453.3%
- Agitators: 5,450.0%
- Gas compressors: 5361.1%
- Stainless steel angles and channels: 4520.0%
- Diagnostic test kits: 3,683.3%
- Piping: 2036.8%
- Retail displays: 2,028.6%
- Keyboards: 1988.9%
- Inverters: 1,905.3%
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Image Credit: Thomas Index Report