Demand for raw materials and components weakens sharply in europe and north america in june, indicating greater risk to the economy heading into the second half of 2023: gep global supply chain volatility index

Worldwide supply chain spare capacity rises for the third successive month, remaining at the highest level since zenith of the pandemic in may 2020 demand in asia, led by india, is holding up better than in europe and north america, highlighting divergence in growth between western and eastern economies global supply shortages fell to their lowest since january 2020 and companies operated with low levels of inventories following months of stock drawdowns clark, n.j, july 14, 2023 /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 — recorded -0.26 in june (vs. -0.28 in may), marking a third successive month of excess global supplier capacity.
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