Supply chain spare capacity increases for 3rd consecutive month and now at highest level since july 2023 as global economic weakness intensifies: gep global supply chain volatility index

North america factory purchasing activity deteriorates more quickly in september, with demand at its weakest year-to-date, signaling a quickly slowing u.s. economy factory procurement activity in china fell for a third straight month, and devastation from typhoon yagi hit vendors feeding southeast asian markets like vietnam europe's industrial recession deepens, leading to an even larger increase in supplier spare capacity clark, n.j. , oct. 11, 2024 /prnewswire/ -- the 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 — decreased in september to -0.43 (august: -0.37), its lowest level in 14 months and indicating the greatest level of global supply chain spare capacity since july 2023.
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