If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website. The most recent readings are sharply elevated (Exhibit 1). Readings during the pandemic years (2020–22) have touched all-time highs.
The Global Supply Chain Pressure Index (GSCPI) analyzes and combines measures of transport costs and purchasing managers’ subindexes for seven economies: China, the eurozone, Japan, South Korea, Taiwan, the United Kingdom, and the United States. Likewise the RWI/ISL Container Throughput Index reached 122 in January, equaling historic highs recorded in March and April 2021.Ī view into the state of the supply chain is offered in a relatively new indicator developed by the Federal Reserve Bank of New York. The index also records all-time-high prices. In the latest data, global trade levels remain historically high, with the CPB World Trade Monitor’s volume index reading 134.4 in both January 2022 and December 2021. The paper also reported that global shipping company Maersk estimates that trucking to and from Shanghai ports will be curtailed by 30% due to area lockdowns in force until April 5. The policies could be affecting trade: on March 30, the Global Times reported that at least 90 ships with 400,000 containers are queuing up in Shanghai ports, an increase of 20% over last year’s level. While on a global scale the number of active cases of COVID-19 in China is negligible, the government has responded energetically to contain the spread. China is experiencing a new COVID-19 wave, driven by the Omicron variant. The pandemic, too, continues to generate disruptions. Respondents to McKinsey’s latest global survey on economic conditions, furthermore, cite geopolitical instability as a top risk to the global economy. Germany and Austria, whose economies are dependent on Russian natural gas, are experiencing record consumer inflation both countries have announced plans for gas rationing.
War and sanctions have created uncertainty around Russian energy commodities fear of supply disruptions is pushing energy prices higher. Each challenge triggers secondary economic effects with reverberations that are not always predictable. Faster growth is constrained by three major challenges: Russia’s invasion of Ukraine, which has created a humanitarian crisis and an energy shock, especially in Europe high inflation and the COVID-19 pandemic.
0 kommentar(er)
