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Pressure on supply chains eases for second month in a row

A ”normalization” of supply chains and the container market may be underway. July figures out of the US Federal Reserve in New York indicate that the Global Supply Chain Pressure Index has declined for the second month in a row.

Photo: Stine Bidstrup/ERH

Pressure on container ports, queues of idling box vessels, lockdowns in Chinese manufacturing clusters and labor shortages now seem to be easing, according to new numbers from the US Federal Reserve Bank of New York, which has maintained the Global Supply Chain Pressure Index (GSCPI) since 1997.

The index, which broadly measures a long series of components within supply chains – meaning within transport and production – has declined for the second month in a row.

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