Q2 2023: Supply Chain Updates
This quarter shows back-to-normal levels within the global supply chain.
Global supply chain pressures decreased again in April, falling to 1.32 standard deviations below the index’s historical average according to the Bureau of Labor Statistics global supply chain pressure index (below). Looking at the underlying data, the GSCPI’s recent downward trend has been consistently driven by improvements in Euro Area delivery times.
[5] Federal Reserve Bank of New York, Global Supply Chain Pressure Index, https://www.newyorkfed.org/research/gscpi.html.