Continued spare capacity at global suppliers warns of manufacturing slump persisting into 2024: gep global supply chain volatility index

Global producer capacity goes underutilized for an eighth successive month in november; supplier order books remain unfilled inactivity across asia's supply chains bodes ill for near-term global manufacturing improvement demand stays subdued, especially in europe, where manufacturing is in a recession in contrast, north america is displaying greater resistance to global economic drags as supplier spare capacity becomes less prevalent  clark, n.j. , dec. 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 — was once again in negative territory at -0.34 in november, compared to -0.41 in october, indicating an eighth successive month of spare capacity across global supply chains.
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