Global supply chains now have spare capacity for the first time since june 2020 as 10 months of subdued demand, inventory de-stocking and high interest rates bite: gep global supply chain volatility index

Although global demand remains subdued, there has been an uptick since december's trough, while the trend actually improved slightly in north america in april, indicating some economic resilience excess supply chain capacity was also driven by global organizations' drawdown of their safety stocks, which have fallen below their historic average for the first time in three years supply chain pressures in asia ease as the economic rebound from china's reopening peters outs clark, n.j. , may 15, 2023 /prnewswire/ -- the gep global supply chain volatility index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs — shows that for the first time since june  2020, global supply chain capacity is now underutilized, indicating a shift to a buyers' market.
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