A bunch of charts showing how supply chains have improved⛓
But is supply improving or demand deteriorating? ⚖️
Supply chains have improved considerably in recent months.
The New York Fed’s Global Supply Chain Pressure Index1 — a composite of various supply chain indicators — fell in July to its lowest level since February 2021, meaning supply chains are easing.
One of the most intuitive measures of supply chain health is supplier delivery times, which hit their longest points on record last fall.
