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NLCS (Singapore) Brings World-Class Musical Opportunities to Young Artists Across Asia

SINGAPORE, Jan. 14, 2026 /PRNewswire/ — North London Collegiate School (Singapore) has established itself as a leading British international school in Singapore – and aims to become a regional hub for musical excellence. The school’s newly launched Young Musicians Award, a competition open to instrumentalists aged 5 to 18 from across Asia, reflects a deeper institutional commitment: that artistic development is inseparable from academic rigour.

The Young Musicians Award invites young musicians from across the region to compete on a professional stage.
The Young Musicians Award invites young musicians from across the region to compete on a professional stage.

A School-Wide Philosophy, Not Just a Programme

At North London Collegiate School (Singapore), music is not a peripheral activity. It sits at the heart of the school’s approach to developing confident, disciplined, and creatively ambitious young people. The Young Musicians Award extends this philosophy beyond the school’s own student body, inviting young musicians from across the region to compete on a professional stage.

The competition received a strong regional response, with around 50 applicants shortlisted from across Asia. Finalists perform live in the school’s 700-seat auditorium – an environment designed to prepare young artists for the realities of professional performance.

Professional Opportunities and Recognition

The Young Musicians Award offers more than stage time. Through a partnership with Songwork International, finalists gain access to Singapore’s Lion Studios for professional recording sessions – an experience that introduces young musicians to industry-standard production environments typically encountered only at advanced levels of training.

Winners are invited to perform at a gala concert, while selected concerto finalists have the opportunity to perform alongside a symphony orchestra. A S$5,000 scholarship is awarded to one exceptional musician, representing a sustained investment in long-term artistic development.

International Standards, Delivered Locally

What further sets this initiative apart is the calibre of expertise behind it. The judging panel brings together leading figures from the international classical music world:

  • Joshua Tan – Associate Conductor, Singapore Symphony Orchestra
  • George Harliono – British concert pianist and Tchaikovsky Competition silver medallist
  • Zhi Jong Wang – Professor of Violin, Shanghai Conservatory of Music

Their involvement reflects the global outlook that defines education at North London Collegiate School (Singapore), offering young musicians access to professional feedback typically reserved for conservatoire-level training.

Edward Jeffries, Head of Music (Senior School) at NLCS (Singapore) and founding lead of the Young Musicians Award, said: “The NLCS (Singapore) Young Musicians Award was conceived as a platform within Asia for young musicians to share their talent and celebrate their artistry. We are not a British International School that operates behind closed doors, but a community that seeks to champion excellence and provide our students and the wider community with opportunities to be inspired by exceptional young performers.

This competition is not intended solely for the benefit of our own students; rather, it aims to give a voice to young musicians from across the region. In doing so, it reflects our Music Department’s motto: “We Aspire to Inspire.”

Contributing to the Region’s Musical Landscape

By opening the competition to young musicians across Asia, North London Collegiate School (Singapore) is adding to the growing ecosystem of opportunities for classical music development in the region. The Young Musicians Award offers an accessible pathway for instrumentalists as young as five to experience professional performance settings, receive feedback from international adjudicators, and access studio recording – experiences that complement and strengthen the musical journeys young artists are already pursuing.

To learn more about the Young Musicians Award, visit: https://enquiries.nlcssingapore.com/young-musicians-award/

About North London Collegiate School (Singapore)

Founded in August 2020, North London Collegiate School (Singapore) is a British International School offering the academically ambitious NLCS curriculum, followed by the International Baccalaureate (IB) Middle Years Programme and culminating in the IB Diploma Programme.

Drawing on 175 years of educational heritage from its founding school in the UK, NLCS (Singapore) nurtures individuals to be intellectually curious, socially confident, and grounded in compassion through a rigorous academic framework, rich co-curricular opportunities, and exceptional pastoral care.

Situated on Depot Road, the School is part of a global family of schools committed to educational excellence and developing global citizens.

To learn more about NLCS (Singapore), please visit our website (https://nlcssingapore.sg/) and follow us on Instagram, Facebook, YouTube, and LinkedIn.

For media enquiries, please contact the NLCS (Singapore) Marketing Team
Email: marketing@nlcssingapore.sg

GIGABYTE Redefines Human-AI Interaction at CES 2026 with a Fully Immersive, Participatory Experience

TAIPEI, Jan. 14, 2026 /PRNewswire/ — GIGABYTE unveils a new vision for how people engage with artificial intelligence at CES 2026, taking place from January 6 to January 9. Under the theme “The World as Prompt,” the company presents an immersive, AI-driven experience that brings together advanced laptop technologies, intelligent software, and human-centered interaction to explore new models of human-AI collaboration. 

GIGABYTE Redefines Human-AI Interaction at CES 2026 with a Fully Immersive, Participatory Experience
GIGABYTE Redefines Human-AI Interaction at CES 2026 with a Fully Immersive, Participatory Experience

Upon entering the experience, visitors generate a personalized AI digital twin that serves as a digital passport throughout the journey. This avatar connects participants to a series of interactive AI product experiences and ultimately generates a short mission highlight video as a personalized takeaway from their visit. 

Human-AI interaction comes to life through GIGABYTE RTX 50 series laptops and GiMATE, GIGABYTE’s smart AI Mate. Through natural voice-based interaction, GiMATE adapts to different usage scenarios, from creative work and coding to productivity and entertainment, demonstrating how AI can respond intuitively to individual needs and lifestyles. Real-time AI processing and on-device AI workloads enable responsive interaction without relying on cloud-based systems. 

The experience also offers a closer look at how hardware design supports next-generation AI performance. GIGABYTE’s WINDFORCE INFINITY EX thermal architecture allows visitors to visually explore the internal structure beneath the keyboard, illustrating how advanced cooling design helps sustain high-performance AI and GPU workloads. Newly introduced laptops, including the AERO X16 Copilot+ PC powered by AMD Ryzen™ AI 9 400 Series processors and NVIDIA® RTX™ graphics, highlight GIGABYTE’s vision of portable AI computing designed to move seamlessly between work, play, and creativity. 

The journey culminates with the AORUS MASTER 16 (2026), showcasing refined lightweight design, premium materials, and the return of an OLED display with a high refresh rate for immersive gaming and creation. AI-enhanced workflows, including AI-assisted coding powered by GiMATE, demonstrate how performance and intelligence converge on a single platform. 

Through its CES 2026 experience, GIGABYTE illustrates a future where AI moves beyond automation to become a creative collaborator, responding not only to commands, but to human expression. Visitors can experience GIGABYTE’s Product Showcase at CES 2026, located at Venetian Expo, Level 3, Lido 3005.

Cheche Group Announces Receipt of Notification Letter from Nasdaq

BEIJING, Jan. 14, 2026 /PRNewswire/ — Cheche Group Inc. (NASDAQ: CCG) (“Cheche” or the “Company”), China’s leading auto insurance technology platform, today announced that it received a notification letter, dated January 12, 2026 (the “Notification Letter “), from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company’s closing bid price per Class A ordinary share, par value US$0.00001 per share, has been below US$1.00 for a period of 30 consecutive business days. The Notification Letter does not result in the immediate delisting of the Company’s securities.

The Company would like to clarify that the Notification Letter has no current effect on the listing or trading of the Company’s securities on Nasdaq. Pursuant to Rule 5810(c)(3)(A) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until July 13, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per Class A ordinary share is at least US$1.00 for a minimum of 10 consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed.

In the event that the Company does not regain compliance by July 13, 2026, subject to the determination by the staff of Nasdaq, it may be eligible for an additional 180 calendar days compliance period if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement of the Nasdaq, and provides written notice to Nasdaq of its intention to cure for the minimum bid price requirement.

The Company intends to monitor the closing bid price of its Class A ordinary shares between now and July 13, 2026, and is considering its options to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. The Company is currently in compliance with all other Nasdaq continued listing standards. The Notification Letter does not affect the Company’s business operations, its U.S. Securities and Exchange Commission reporting requirements or contractual obligations.

Safe Harbor Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding existing and new partnerships and customer relationships, projections, estimation, and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, the Company’s advantages and expected growth, and its ability to source and retain talent, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to materially differ from those expressed or implied by these forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

About Cheche Group Inc.

Established in 2014 and headquartered in Beijing, China, Cheche is a leading auto insurance technology platform with a nationwide network of around 108 branches licensed to distribute insurance policies across 25 provinces, autonomous regions, and municipalities in China. Capitalizing on its leading position in auto insurance transaction services, Cheche has evolved into a comprehensive, data-driven technology platform that offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions in China. Learn more at https://www.chechegroup.com/en.

Cheche Group Inc.:

IR@chechegroup.com

Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185

Firstsource Acquires TeleMedik To Bolster Digital Offerings and Expand Presence in U.S. Healthcare Payer and Provider Markets

MUMBAI, India and DALLAS, Jan. 14, 2026 /PRNewswire/ — Firstsource Solutions Limited (NSE: FSL) (BSE: 532809), a leading global provider of business management services and an RP-Sanjiv Goenka Group company, today announced the acquisition of TeleMedik, a Puerto Rico based pioneer in the development and implementation of technological solutions. The acquisition significantly strengthens Firstsource’s end-to-end clinical and utilization management capabilities, expands its footprint across payer-provider networks, and further enriches the company’s fully integrated and differentiated Business Process as a Service (BPaaS++) offering for health plan clients.

As health plans face higher utilization rates and rising financial burdens, the need for cost containment solutions is greater than ever. This, combined with the shift to value-based models requiring more personalized and outcome-focused care, has created a pivotal turning point where health plans are seeking digital solutions to advance capabilities across care coordination, member engagement, and data integration while retaining operational efficiencies.

By integrating digital and generative AI capabilities with clinical operations and utilization management into a unified service model, Firstsource has become a key partner for health plans looking to modernize the full medical management lifecycle—from intake and authorization through care coordination, clinical intervention, and ongoing member engagement without significant in-house investment. The acquisition combines Firstsource’s market-leading AI and automation capabilities with TeleMedik’s operational footprint in Puerto Rico and around the U.S. to help more payers improve quality, reduce administrative costs, and enhance member and provider experiences.

Dr. Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, “Firstsource remains committed to driving innovation and disruption in the healthcare space with intelligent automation and emerging technologies. Our company has built a significant presence in the U.S. healthcare space as well as an unmatched digital offering, and this strategic acquisition further elevates our capabilities and amplifies our reach across the industry. We welcome TeleMedik to the Firstsource team and look forward to collaborating on achieving greater improvements and efficiencies for payers, providers, and members alike.”

Dr. Joaquín Fernández-Quintero, President & CEO, TeleMedik Group, said, “As an organization with a digital-first mentality, we have worked hard to bring the latest innovations to our members and providers in Puerto Rico and around the U.S. We look forward to joining the Firstsource family and leveraging the company’s global reach, deep technology investments, and expanded delivery capabilities so that together we can best serve our health plan clients and the greater healthcare industry.”

This acquisition will further strengthen Firstsource’s offerings for health plans by:

  • Deepening its access to the U.S. payer-provider ecosystem by adding strong relationships and operational presence, especially in Puerto Rico, providing a differentiated delivery and clinical services platform ideally suited to support the rapid growth of Medicaid, Medicare Advantage, and dual-eligible populations, including Spanish-speaking and underserved communities.
  • Reducing operational risk and ensuring continuity while enabling Firstsource to deliver more enhanced capabilities in Utilization Management (UM), Care Management (CM), Disease Management (DM), and Population Health.
  • Driving significant improvements in core administration and UM efficiency with combined technology stacks to enhance speed-to-proficiency for new operations, improve quality, and reduce costs for clients.

The acquisition of TeleMedik significantly enhances Firstsource’s clinical and utilization management capabilities across the full medical management lifecycle. Together, the combined organization will support health plans with integrated clinical review, prior authorization, care and disease management, population health, and telemedicine-enabled interventions—delivered through a unified operating model that improves speed to decision, clinical consistency, and member outcomes while reducing administrative burden.

About Firstsource
Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, they ‘make it happen’ for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Firstsource’s inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ – their differentiated approach to reimagining traditional outsourcing – to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for clients. (www.firstsource.com)

Firstsource Acquires TeleMedik To Bolster Digital Offerings and Expand Presence in U.S. Healthcare Payer and Provider Markets

MUMBAI, India and DALLAS, Jan. 14, 2026 /PRNewswire/ — Firstsource Solutions Limited (NSE: FSL) (BSE: 532809), a leading global provider of business management services and an RP-Sanjiv Goenka Group company, today announced the acquisition of TeleMedik, a Puerto Rico based pioneer in the development and implementation of technological solutions. The acquisition significantly strengthens Firstsource’s end-to-end clinical and utilization management capabilities, expands its footprint across payer-provider networks, and further enriches the company’s fully integrated and differentiated Business Process as a Service (BPaaS++) offering for health plan clients.

As health plans face higher utilization rates and rising financial burdens, the need for cost containment solutions is greater than ever. This, combined with the shift to value-based models requiring more personalized and outcome-focused care, has created a pivotal turning point where health plans are seeking digital solutions to advance capabilities across care coordination, member engagement, and data integration while retaining operational efficiencies.

By integrating digital and generative AI capabilities with clinical operations and utilization management into a unified service model, Firstsource has become a key partner for health plans looking to modernize the full medical management lifecycle—from intake and authorization through care coordination, clinical intervention, and ongoing member engagement without significant in-house investment. The acquisition combines Firstsource’s market-leading AI and automation capabilities with TeleMedik’s operational footprint in Puerto Rico and around the U.S. to help more payers improve quality, reduce administrative costs, and enhance member and provider experiences.

Dr. Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, “Firstsource remains committed to driving innovation and disruption in the healthcare space with intelligent automation and emerging technologies. Our company has built a significant presence in the U.S. healthcare space as well as an unmatched digital offering, and this strategic acquisition further elevates our capabilities and amplifies our reach across the industry. We welcome TeleMedik to the Firstsource team and look forward to collaborating on achieving greater improvements and efficiencies for payers, providers, and members alike.”

Dr. Joaquín Fernández-Quintero, President & CEO, TeleMedik Group, said, “As an organization with a digital-first mentality, we have worked hard to bring the latest innovations to our members and providers in Puerto Rico and around the U.S. We look forward to joining the Firstsource family and leveraging the company’s global reach, deep technology investments, and expanded delivery capabilities so that together we can best serve our health plan clients and the greater healthcare industry.”

This acquisition will further strengthen Firstsource’s offerings for health plans by:

  • Deepening its access to the U.S. payer-provider ecosystem by adding strong relationships and operational presence, especially in Puerto Rico, providing a differentiated delivery and clinical services platform ideally suited to support the rapid growth of Medicaid, Medicare Advantage, and dual-eligible populations, including Spanish-speaking and underserved communities.
  • Reducing operational risk and ensuring continuity while enabling Firstsource to deliver more enhanced capabilities in Utilization Management (UM), Care Management (CM), Disease Management (DM), and Population Health.
  • Driving significant improvements in core administration and UM efficiency with combined technology stacks to enhance speed-to-proficiency for new operations, improve quality, and reduce costs for clients.

The acquisition of TeleMedik significantly enhances Firstsource’s clinical and utilization management capabilities across the full medical management lifecycle. Together, the combined organization will support health plans with integrated clinical review, prior authorization, care and disease management, population health, and telemedicine-enabled interventions—delivered through a unified operating model that improves speed to decision, clinical consistency, and member outcomes while reducing administrative burden.

About Firstsource
Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, they ‘make it happen’ for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Firstsource’s inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ – their differentiated approach to reimagining traditional outsourcing – to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for clients. (www.firstsource.com)

NORTH AMERICAN AND EUROPEAN MANUFACTURERS’ PURCHASING DECLINES AGAIN IN DECEMBER, SIGNALING SLOWER CONDITIONS HEADING INTO 2026: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

  • Ongoing weakness in North American and European factory purchasing points to a deteriorating near-term outlook for Western goods producers

  • Asian manufacturers show greater resilience, with steady buying in China and growth across South Korea and Vietnam

CLARK, N.J., Jan. 14, 2026 /PRNewswire/ — GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs, based on a monthly survey of 27,000 businesses — continued to point to underutilized capacity across global supply chains in the final month of 2025.

Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.

Although the global index edged up to -0.17 in December, its highest level since June 2025, underlying data continue to signal softening global manufacturing demand, particularly in North America and Europe, where manufacturers reported sharper pullbacks in purchasing activity. With buffer inventories remaining historically low, the data point to a deteriorating outlook for goods producers across the Western world heading into 2026.

In December, North American manufacturers reduced procurement activity at the fastest rate since May 2025, marking the sixth consecutive month of softening input demand. Weakness was broad-based across the region, with Mexico posting the steepest contraction, underscoring a region-wide pullback in manufacturing activity.

Similarly, European factory purchasing fell further, registering its sharpest decline in nine months, driven primarily by pronounced cutbacks in Germany, where manufacturers continued to scale back orders amid weak demand pipelines.

In contrast, Asian supply chains showed greater resilience. Demand for production inputs improved in South Korea, Vietnam and Taiwan, while buying activity at Chinese factories stabilized, helping to support manufacturing demand across the region.

“Strong headline GDP growth in the U.S. is masking a more cautious reality for manufacturers,” said John Piatek, Vice President, Consulting, GEP. “North American and European firms are cutting purchases and inventories, anticipating softening demand in 2026. Excess capacity across global supply chains is giving buyers leverage to secure better pricing and terms.”

DECEMBER 2025 REGIONAL KEY FINDINGS

  • ASIA: Index dipped slightly to -0.20, from -0.16, but factories’ purchases of inputs show greater resilience than elsewhere, owing to growth in South Korea, Vietnam and Taiwan region, and steady buying volumes in mainland China.

  • NORTH AMERICA: Index at -0.37, indicating underused capacity at North America’s suppliers. Purchasing activity weakened further and was the most subdued by region in December.

  • EUROPE: Index rose to -0.17, its highest since June 2025, due to labor-related constraints impeding order completion in December. Factory purchasing volumes deteriorated, however, particularly in Germany.

  • U.K.: Index increased to 0.12, signalling stretched capacity at the U.K.’s suppliers for the first time in almost a year-and-a-half.

DECEMBER 2025 KEY FINDINGS

  • DEMAND: Global demand for factory inputs such as commodities, intermediate products and raw materials, remained weak at the end of 2025. Purchasing activity was its most depressed in western economies, particularly Germany. North America also saw constrained buying volumes at its manufacturers, with Mexico dragging harshly on the region. By contrast, Asia showed greater resilience in factory purchasing activity.
  • INVENTORIES: Reports of stockpiling due to supply or price concerns remain below average. Global item availability was strong in December, helping to keep price pressures at bay and reducing firms’ needs to hold excess stock in warehouses or build up safety buffers.
  • MATERIAL SHORTAGES: The global items in short supply indicator was below its long-run average in December, as has been the case for over two years. This means that global businesses are experiencing shortages less frequently than normal.
  • LABOR SHORTAGES: The labor shortages tracker ticked up to a 14-month high in December and was above its long-run average, indicating a rise in capacity pressures due to a lack of staff. Regional data showed that this was centered on Europe.
  • TRANSPORTATION: Global transportation costs were in line with their long-term average in December.

For more information, visit www.gep.com/volatility.

Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com.

The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Feb. 11, 2026.

About the GEP Global Supply Chain Volatility Index
The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global’s PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global.

  • A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched.
  • A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized.

A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here.

About GEP

GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.

Media Contacts

Derek Creevey   

Joe Hayes

Director, Public Relations   

Principal Economist

GEP   

S&P Global Market Intelligence

Phone: +1 646-276-4579   

Phone: +44-1344-328-099

Email: derek.creevey@gep.com   

Email: joe.hayes@spglobal.com

 

Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.

 

GEP Supply Chain Volatility Index Jan 2026
GEP Supply Chain Volatility Index Jan 2026

 

 

 

NORTH AMERICAN AND EUROPEAN MANUFACTURERS’ PURCHASING DECLINES AGAIN IN DECEMBER, SIGNALING SLOWER CONDITIONS HEADING INTO 2026: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

  • Ongoing weakness in North American and European factory purchasing points to a deteriorating near-term outlook for Western goods producers

  • Asian manufacturers show greater resilience, with steady buying in China and growth across South Korea and Vietnam

CLARK, N.J., Jan. 14, 2026 /PRNewswire/ — GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs, based on a monthly survey of 27,000 businesses — continued to point to underutilized capacity across global supply chains in the final month of 2025.

Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.

Although the global index edged up to -0.17 in December, its highest level since June 2025, underlying data continue to signal softening global manufacturing demand, particularly in North America and Europe, where manufacturers reported sharper pullbacks in purchasing activity. With buffer inventories remaining historically low, the data point to a deteriorating outlook for goods producers across the Western world heading into 2026.

In December, North American manufacturers reduced procurement activity at the fastest rate since May 2025, marking the sixth consecutive month of softening input demand. Weakness was broad-based across the region, with Mexico posting the steepest contraction, underscoring a region-wide pullback in manufacturing activity.

Similarly, European factory purchasing fell further, registering its sharpest decline in nine months, driven primarily by pronounced cutbacks in Germany, where manufacturers continued to scale back orders amid weak demand pipelines.

In contrast, Asian supply chains showed greater resilience. Demand for production inputs improved in South Korea, Vietnam and Taiwan, while buying activity at Chinese factories stabilized, helping to support manufacturing demand across the region.

“Strong headline GDP growth in the U.S. is masking a more cautious reality for manufacturers,” said John Piatek, Vice President, Consulting, GEP. “North American and European firms are cutting purchases and inventories, anticipating softening demand in 2026. Excess capacity across global supply chains is giving buyers leverage to secure better pricing and terms.”

DECEMBER 2025 REGIONAL KEY FINDINGS

  • ASIA: Index dipped slightly to -0.20, from -0.16, but factories’ purchases of inputs show greater resilience than elsewhere, owing to growth in South Korea, Vietnam and Taiwan region, and steady buying volumes in mainland China.

  • NORTH AMERICA: Index at -0.37, indicating underused capacity at North America’s suppliers. Purchasing activity weakened further and was the most subdued by region in December.

  • EUROPE: Index rose to -0.17, its highest since June 2025, due to labor-related constraints impeding order completion in December. Factory purchasing volumes deteriorated, however, particularly in Germany.

  • U.K.: Index increased to 0.12, signalling stretched capacity at the U.K.’s suppliers for the first time in almost a year-and-a-half.

DECEMBER 2025 KEY FINDINGS

  • DEMAND: Global demand for factory inputs such as commodities, intermediate products and raw materials, remained weak at the end of 2025. Purchasing activity was its most depressed in western economies, particularly Germany. North America also saw constrained buying volumes at its manufacturers, with Mexico dragging harshly on the region. By contrast, Asia showed greater resilience in factory purchasing activity.
  • INVENTORIES: Reports of stockpiling due to supply or price concerns remain below average. Global item availability was strong in December, helping to keep price pressures at bay and reducing firms’ needs to hold excess stock in warehouses or build up safety buffers.
  • MATERIAL SHORTAGES: The global items in short supply indicator was below its long-run average in December, as has been the case for over two years. This means that global businesses are experiencing shortages less frequently than normal.
  • LABOR SHORTAGES: The labor shortages tracker ticked up to a 14-month high in December and was above its long-run average, indicating a rise in capacity pressures due to a lack of staff. Regional data showed that this was centered on Europe.
  • TRANSPORTATION: Global transportation costs were in line with their long-term average in December.

For more information, visit www.gep.com/volatility.

Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com.

The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Feb. 11, 2026.

About the GEP Global Supply Chain Volatility Index
The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global’s PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global.

  • A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched.
  • A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized.

A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here.

About GEP

GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.

Media Contacts

Derek Creevey   

Joe Hayes

Director, Public Relations   

Principal Economist

GEP   

S&P Global Market Intelligence

Phone: +1 646-276-4579   

Phone: +44-1344-328-099

Email: derek.creevey@gep.com   

Email: joe.hayes@spglobal.com

 

Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.
Interpreting the data: Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are. Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.

 

GEP Supply Chain Volatility Index Jan 2026
GEP Supply Chain Volatility Index Jan 2026

 

 

 

MGallery Collection Steps Into 2026 With New and Exciting Destinations

MGallery Collection unveils a new chapter shaped by captivating destinations and heartfelt hospitality. 

PARIS, Jan. 14, 2026 /PRNewswire/ — From the sun-drenched shores of Noosa in Australia to the crystal-clear waters of the Maldives, from the wild beauty of Oléron Island in France to the vibrant energy of Phuket in Thailand, MGallery Collection’s upcoming openings promise inspiring escapes rooted in a true sense of place. 

V Villas Maldives at Mirihi – MGallery Collection
V Villas Maldives at Mirihi – MGallery Collection

“Each upcoming opening enriches our brand’s portfolio of signature hotels, where every stay becomes a memorable and meaningful experience. Designed to celebrate local and unique character, our hotels invite travellers to discover new places, new atmospheres and new stories to experience. We are extremely proud of our pipeline of five upcoming openings and look forward to welcoming guests to these new destinations around the world.” – Maud Bailly, CEO Sofitel Legend, Sofitel, MGallery & Emblems

Formerly the Mirihi Island Resort, the property is set to reopen as V Villas Maldives at Mirihi – MGallery Collection following an extensive renovation and expansion led by award-winning Studio Gronda. The boutique resort will offer 42 luxurious villas from beach and overwater villas to expansive multi-bedroom suites with private pools all designed to immerse guests in the beauty of the Indian Ocean while reflecting MGallery’s signature intimacy and character. Rooted in Maldivian heritage and inspired by the delicate Mirihi flower, the resort embodies the art of quiet luxury, offering a serene retreat shaped by ocean rhythms. Surrounded by vibrant reefs and a tranquil protected lagoon, the resort will harmonize with the natural environment to create an atmosphere of elegance, simplicity, and effortless comfort. Opening January 2026. Imagery available here.

Perfectly positioned on vibrant Hastings Street, just moments from Noosa National Park and the golden shores of Laguna Bay, Elysium Noosa Resort – MGallery Collection unveils 175 rooms, including 104 suites and 8 villas. At its pinnacle, the signature Elysium Suite—with its private pool offers a haven of quiet luxury where time seems to slow. The hotel’s culinary vision blends coastal freshness with Mediterranean spirit. Cibaria, created in collaboration with acclaimed restaurateurs Alessandro and Anna Pavoni, invites guests into a warm, piazza-style setting celebrating the region’s finest ingredients, from Noosa Reds tomatoes to Mooloolaba prawns. By the pool, Bar Capri brings the charm of Italian aperitivo under chic striped umbrellas. Inspired by Mediterranean elegance and the ease of beachside living, the resort’s design embraces natural light, soft sand tones and textured, organic materials. Indoors and outdoors flow seamlessly, creating a harmonious dialogue with the ocean, forest and river surrounding the property. Opening February 2026. Imagery available here.

Located off the west coast of France, Le Bel Hôtel Oléron – MGallery Collection will feature 102 rooms, including eight suites, all offering views of the surrounding pine forest or the ocean. Set within a protected Natura 2000 site between the Saint-Trojan national forest and Gatseau beach, the hotel blends natural materials, soft woods, and sandy, mineral tones inspired by the seaside houses of Oléron and the Hamptons. The property will offer a culinary identity crafted by Michelin-starred chef Pierre Gagnaire, a signature restaurant with a terrace, an intimate table d’hôte, two bars, and beach service. A revitalized marine spa and thalassotherapy center, along with outdoor wellness experiences, will immerse guests in the island’s serene natural beauty. Opening April 2026. Imagery available here.

Set where Kamala’s emerald hills meet the sparkling Andaman Sea, Kamaliss MontAzure Phuket – MGallery Collection offers a rare sanctuary between the energy of the coastline and the stillness of the hills. Located within the vibrant Kamala’s MontAzure community, a curated enclave of lifestyle, entertainment, and lush nature, the 150-room resort offers seamless access to Phuket’s most dynamic experiences, while preserving a sense of tranquility. Rooted in contemporary design and framed by its signature lagoon, the resort moves to the quiet rhythm of nature. Opening April 2026. Imagery available here.

Perched on the hilltops of Surin Beach, Navera Phuket – MGallery Collection gazes over glittering, cerulean waters of the Andaman Sea at one of Phuket’s most desirable locations. Navera Phuket transcends the ordinary with its 19 individual-styled villas, each designed to provide guests with an intimate and personalized retreat that blends contemporary Thai culture with unexpected charm. The hotel speaks in a sophisticated design language inspired by maritime themes, enriched with touches of storied Sino-Portuguese heritage. Opening June 2026. Imagery available here.

About MGallery Hotel Collection

MGallery Collection brand thoughtfully selects and curates unique properties around the world, forming a storied collection of boutique hotels with true soul where captivating stories are lived and shared. These more than 120 boutique hotels all around the world enjoy a unique history, inspired by the remarkable past of the building or by its destination that welcomes it allowing the guests to live memorable and meaningful moments. The MGallery Collection establishments are hotels in which guests live an immersive experience, marked by exceptional interiors, an art of the mixology that awakens all the senses, and a well-being focused on balance in everyday life and mindfulness. It is a brand committed to Women but also to local communities, promoting the know-how of surrounding artisans and producers. MGallery Collection customers leave with an unconditional desire to discover the other jewels of the brand to live a new unique experience. The most renowned hotels in this collection include the Hotel Molitor Paris in France, the Municipal Liverpool in the UK, the Santa Teresa Hotel in Rio de Janeiro in Brazil, Manly Pacific in Sydney in Australia, Athens Capital in Greece or Hotel des Arts Saigon in Vietnam. MGallery Collection is part of Accor, a world leading hospitality group counting over 5,700 properties throughout more than 110 countries, and a participating brand in ALL Accor a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences. 

mgallery.com | all.com | group.accor.com

PRESS CONTACT: Flavie Cottin, Brand Communication & PR Manager MGallery, flavie.cottin@accor.com I +33(0) 6 99 11 70 87

Photo – https://laotiantimes.com/wp-content/uploads/2026/01/mgallery_collection_mgallery_collection_steps_into_2026_with_new.jpg