… In a blog post on Tuesday, the NY Fed said the results suggest that "global supply chain pressures, while still historically high, have peaked and might start to moderate somewhat going forward" …
The supply chain crisis that delayed online orders and sent prices soaring may have finally peaked, according to the NY Fed
· The New York Federal Reserve said Tuesday that supply chain issues may have reached a peak.
· The Fed has released a new index to track global supply chain disruptions.
· Other experts say the supply chain breakdown could last another two years.
Mary Hanbury, Business Insider
Jan 5, 2022
The supply chain crisis that has left customers waiting months to receive a couch and kept grocery stores scrambling to keep shelves stocked may have reached its peak. At least, according to a report from the New York Federal Reserve.
The NY Fed unveiled a new index on Tuesday, which combines different metrics of data from across the supply chain to establish a clearer picture of the situation.
The Global Supply Chain Pressure Index uses data such as the Baltic Dry Index (BDI), which tracks the cost of shipping raw materials, the Harpex index, which tracks container shipping rate changes, and price indices that measure the cost of air transportation of freight to and from the US, Asia, and Europe to track global supply chain disruptions. The data is tracked back to 1997.
In a blog post on Tuesday, the NY Fed said the results suggest that "global supply chain pressures, while still historically high, have peaked and might start to moderate somewhat going forward."
Experts have been closely watching the supply chain crisis for months, trying to decipher...
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