"Conditions in the global supply chain have returned to normal after three-years of pandemic-induced disruptions, according to the Federal Reserve Bank of New York.
The latest reading of the NY Fed’s Global Supply Chain Pressure Index (GSCPI) shows global supply chain pressures decreased considerably in February.
“There were significant downward contributions by the majority of the factors, with the largest negative contribution from European Area delivery times,” NY Fed said in its update.
The GSCPI’s latest reading (of -0.26 for February) is the lowest reading since August 2019 and reflects that global supply chain pressures are actually now below the historical average."
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Source: gCaptain