Weak global demand and spare capacity at global suppliers persist in august as global economy flirts with recession: gep global supply chain volatility index

Increasing oil prices push up transportation costs to their highest since february excess supplier capacity reflects a persistent subdued economic environment, with europe at the epicenter of the downturn in contrast, resilience seen in asia, driven by demand rising strongly in india, indonesia and vietnam more european and north american manufacturers are reporting a rise in backlogs due to staff shortages clark, n.j. , sept. 13, 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 -0.18 in august (vs.
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