What Happened
Global Pressures Reach Highest Level Since Pandemic Era Disruptions
Global supply chain pressures have surged to their highest level since the pandemic-era disruptions of late 2022, driven by the war in the Middle East. The conflict has led to inflation, aggressive stockpiling, and shortages, with tanker traffic through the Strait of Hormuz still at a trickle and the Brent crude price remaining elevated. According to the GEP Global Supply Chain Volatility Index, which tracks 27,000 businesses, the index jumped to 1.64 in April from 0.57 in March. This was reported by Consulting.us.