Xometry Releases Latest ‘Thomas Industrial Sourcing & Supply Chain Activity’ Report

Rhea-AI Summary

Xometry (NASDAQ: XMTR) released the 'Thomas Industrial Sourcing & Supply Chain Activity Snapshot', showcasing key sourcing trends in North America. The report highlights ongoing global shipping delays and IIoT growth as significant factors influencing the industrial economy. Key findings include the top sourced products like Printed Circuit Boards and Steel, along with leading services such as Engineering and CNC machining. Notably, the data reveals impressive year-over-year growth for products like LED lamps (up 1967%) and cable wire (up 757%). The full report is available for download.

Positive

• Significant year-over-year growth in sourced products, such as LED lamps (up 1967%) and cable wire (up 757%).
• Insights from the report can aid decision-makers in building resilient supply chains.

Negative

• Ongoing global shipping delays and supply chain disruptions could adversely affect manufacturing operations.

NEW YORK--(BUSINESS WIRE)-- Xometry (NASDAQ: XMTR), the AI-driven digital marketplace that connects enterprise buyers with manufacturers globally, today released the latest ‘Thomas Industrial Sourcing & Supply Chain Activity Snapshot’ identifying the top products and services sourced by North American manufacturers as well as predictions for the quarter ahead. The report from Thomas, a leading platform for product sourcing, supplier selection, and marketing solutions for industry, identifies cyclical trends within the U.S. manufacturing and industrial economy drawn from the Thomasnet.com^® platform, which now serves 1.4+ million registered users.

“Our Thomasnet.com platform sourcing data reveals exclusive insights and provides a telling narrative into the activity and trends shaping the industrial economy,” said Shawn Fitzgerald, president of Thomas, a Xometry company. “We predict that in the quarter ahead, ongoing global shipping delays and supply chain disruptions, as well as Industrial Internet of Things (IIoT) growth, will continue to have a major impact on industry at large. Thomas’ proprietary data and the Xometry marketplace together are strategic assets that can help decision-makers create resilient and impenetrable supply chains so they can smartly plan for the future.”

The complete Sourcing Activity Snapshot is now available for download. A brief preview includes:

Top 5 Manufacturing Trends:

Top 5 Products		Top 5 Services		Top 5 Products/Services
				Sourced Q4 YoY (2020/2021)
1. Printed Circuit Boards (PCBs)		1. Engineering Services		1. Light Emitting Diode (LED) Lamps; up 1967%
2. Steel		2. CNC machining		2. Cable Wire; up 757%
3. Lumber		3. Machining		3. Engineering Services; up 708%
4. Medical Equipment & Supplies		4. Metal Fabrication		4. Machine Parts; up 607%
5. Clothing		5. Metal Stamping		5. Gymnasium Equipment; up 533%

Every second, a buyer, engineer, or other purchase decision-maker visits Thomasnet.com^® to source products and services and find a supplier.

About Xometry

Xometry (NASDAQ: XMTR) powers the industries of today and tomorrow by connecting the people with big ideas to the manufacturers who can bring them to life. Xometry’s digital marketplace gives manufacturers the critical resources they need to grow their business while also making it easy for buyers at Fortune 1000 companies to tap into global manufacturing capacity.

About Thomas

Thomas, a Xometry (NASDAQ: XMTR) company, connects industrial buyers and sellers on the Thomasnet.com® platform to inform strategic decision-making, build supply chains and grow businesses. Thomas’ proprietary sourcing activity data and its full-funnel marketing services for manufacturers complement Xometry’s AI-driven digital marketplace to accelerate every stage of the digital transformation of industry.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220124005616/en/

Matthew Hutchison

415-583-2119

matthew.hutchison@xometry.com

Source: Thomas

FAQ

What does the latest Xometry report reveal about industrial sourcing trends?

The report highlights ongoing global shipping delays and IIoT growth impacting the industrial economy, along with significant year-over-year growth in various sourced products.

What are the top sourced products according to Xometry's recent report?

The top sourced products include Printed Circuit Boards, Steel, Lumber, Medical Equipment, and Clothing.

What year-over-year growth was reported for LED lamps in the Xometry report?

LED lamps experienced a staggering year-over-year growth of 1967%.

How can Xometry's report assist decision-makers in supply chain management?

The report provides critical insights that can help decision-makers create resilient supply chains to navigate ongoing challenges.

Where can I download the full Thomas Industrial Sourcing report?

The complete Sourcing Activity Snapshot is available for download on the Thomasnet website.