Last week, this column took a look at the top and most interesting supply chain stories by month in the first half of 2022. (See Supply Chain Stories by Month 1H 2022.)
I had planned this week to publish our popular look at 1H 2022 in numbers and charts but it is a lot of work and frankly I just didn't get it all done.
So instead, I am taking a look this week at the resullts from our weekly supply chain stock index in first half of the year. The 1H 2022 in numbers and charts will be delivered next week.
Gilmore Says.... |
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It was a tough year for supply chain software stocks, all in our group in negative territory, led by e2Open, down 28.6%.
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In early 2021, SCDigest re-launched our weekly supply chain and logistics stock market index, which tracks the market performance of more than 20 publically traded companies across freight carriers, logistics service providers/3PLs, and supply chain hardware and software providers.
We ran this feature weekly a number of years ago, but discontinued it for reasons I can't really recall. But I think it was smart to bring it back – it's intersesting and drives a lot of web site visits.
As an amateur investor like many/most of us, I thought it might be interesting for you to see how supply chain stocks are faring on Wall Street.
Of course, the first half of the year was a wicked one for stocks, with the biggest first half market decline in several decades.
Below you will find our weekly supply chain stock index for the week ending July 1, so you are looking at the first half plus one day.
Supply Chain and Logistics for Week Ending July 1, 2022
Source: SCDigest Analysis
As can be seen, in the past year the S&P 500 Index was down 9.4% - while our supply chain and logistics index dropped a lot more, falling 16.5%.
But I note we use an unweighted average, meaning all results are factored the same way, regardless of a stock's market cap. We also have just under a couple of dozen stocks in our group, so when a Yellow Freight is down a giant 55.2% for the past year, it takes the whole index down a lot.
As can also be seen, it was a tough last year for supply chain software stocks, with all in our group in negative territory, led by e2Open, down 28.6%.
The biggest gainer in the past year: RFID firm Impinj, up 9.5%. We have said for some time, though it's often a wild ride, in its short public company history if you bought Impinj on the (many) big dips you would have done very well - if you sold before the next one!
Think I will leave it at that, and let you peruse the table on what interests you.
Thinking of adding carrier Schneider to the index - please let us know any other suggestions.
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