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Global Supply Chain Stress Index Report: Declining logistics costs and sufficient supply drive continued improvement in global logistics conditions

2024-01-16

Background: Global logistics conditions continue to improve

•Global logistics conditions continue to improve due to declining transportation costs and steady supply growth, indicating that logistics is basically no longer a major economic problem.

• The Global Supply Chain Stress Index (GSCPI) released by the New York Federal Reserve (NYFed) showed that in October 2023, the indicator dropped to -1.74%, the lowest level since 1997 and the ninth consecutive month in the negative range.

• In comparison, during the global outbreak of the new coronavirus, the indicator was as high as 3.10%. The index brings together 27 variables that reflect everything from cross-border transportation costs to data on manufacturing activity in various countries and regions.

The global logistics situation continues to improve due to falling transportation costs and steady supply growth, indicating that logistics is basically no longer a major problem for the economy.

Global supply chain conditions continue to improve as supply constraints and transportation costs ease

The Global Supply Chain Stress Index (GSCPI) released by the New York Fed (NYFed) showed that in October, the indicator fell to -1.74%, the lowest level since 1997 and the ninth consecutive month in the negative range. In comparison, during the global outbreak of Covid-19, the indicator was as high as 3.10%.

This will benefit the import and export of various industries.

Yusen International Trading (Guangzhou) Co., Ltd.

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Global Supply Chain Stress Index Report: Declining logistics costs and sufficient supply drive continued improvement in global logistics conditions

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