Supply-chain bottlenecks are easing. The parts you’ve been waiting for should arrive shortly.
The Federal Reserve Bank of New York compiles a monthly Global Supply Chain Pressure Index (GSCPI) (chart below).It shows that global supply chain pressures decreased in September, marking a fifth consecutive month of easing. The September decline was quite broad-based. The GSCPI’s ytd movements suggest that global supply chain pressures are beginning to fall back in line with historical levels. Here is a description of what is reflected in the index: