No end to global manufacturing recession in sight as supply chains worldwide remain significantly underutilized: gep global supply chain volatility index

Asia's suppliers see largest rise in idle capacity since june 2020 as the region's economic resilience fades europe reported a 7 th successive month of substantial excess vendor capacity, and 17th successive month of subdued demand, reflecting recessionary conditions in contrast, supplier spare capacity across north america is rising, albeit modestly, highlighting greater economic resilience in the u.s. economy and its divergence from europe clark, n.j. , nov. 15, 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 — decreased again in october to -0.41, from -0.35 in september, indicating a 7th successive month of rising spare capacity across the world's supply chains.
SPGI Ratings Summary
SPGI Quant Ranking