After four years of wild swings that included shortages and glut, global supply chains are now operating at near capacity according to the most recent GEP Global Supply Chain Volatility Index. The GEP Global Supply Chain Volatility Index — an indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses — rose in April to -0.18, from -0.32 in March, which signals that global supply chains are operating at close to full capacity.
Global supply chains operating near maximum capacity, May 14, 2024,