While not at the same level as it was in its June report, the new edition of the Logistics Manager’s Index (LMI), which was published today, continued to signal strong overall growth levels. The monthly LMI is a joint project among researchers from Arizona State University, Colorado State University, University of Nevada, Reno, Florida Atlantic University, and Rutgers University, and also receives support by Council of Supply Management Professionals (CSCMP). The LMI is written by Zac Rogers Ph.D., Steven Carnovale Ph.D., Shen Yeniyurt Ph.D., Ron Lembke Ph.D., and Dale Rogers Ph.D. Despite the slowdown in Inventory Levels, Inventory Costs continue to expand (+1.1) to 77.0—outstripping levels by 22.0 points and demonstrating the ongoing increases in the relative costs of inventories due to tariffs and war. The report noted that despite the overall slowdown in expansion in July, the LMI reading still represents significant growth.