Asian manufacturing activity falls to 17-month low as tariffs hit china-based suppliers: gep global supply chain volatility index

U.s. manufacturers front-load inventories in anticipation of further tariffs north american factories remain underutilized, with persistent weakness in mexico and canada europe inches toward industrial recovery, while u.k. downturn deepens clark, n.j. , june 12, 2025 /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 — fell to -0.46 in may, from -0.39 in april, signaling increasing spare capacity across the world's supply chains as a result of tariffs and tit-for-tat trade war.
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