Global supply chain spare capacity rises to highest since July 2023 due to weakened global economic demand.
Global supply chain spare capacity has risen for the third month, reaching its highest since July 2023, driven by weakened global economic demand. The GEP Global Supply Chain Volatility Index indicates significant declines in factory purchasing activity across major economies, notably in North America and China. Europe's industrial recession worsened, further increasing spare capacity. Additionally, global transportation costs have dropped to their lowest since July.
October 11, 2024
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