The difference compared to a year ago, when the index recorded 4.72 - one of the highest levels of stress on global supply chains in two decades of data - is striking.
The GEP Global Supply Chain Volatility Index, based on data derived from a monthly survey of 27,000 businesses, fell further below zero in May to -0.28, down from -0.04 in April, its lowest level since May 2020. Supplier capacity goes underutilized in all major markets, especially North America, regional data showsĬLARK, N.J., J/PRNewswire/ - The GEP Global Supply Chain Volatility Index - a leading indicator tracking demand conditions, shortages, transportation costs, inventories and backlogs - indicates that global suppliers now have the greatest level of spare capacity since the height of the COVID-19 pandemic three years ago.Companies continue to make their stockpiles leaner amid weak demand and improve the supply of items.The latest data indicates fresh and broad-based signs of economic weakness as we head into the second half of 2023.
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