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Friday, 25 March 2022 14:01

A new Global Supply Chain Pressure Index (GSCPI)

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The COVID-19 pandemic has highlighted some of the challenges of a global economy – especially in relation to supply chain disruptions. These can result from any number of issues such as factory shutdowns due to COVID, transportation strikes and weather-related incidents. There are also great benefits to globalisation however COVID has highlighted some of the associated challenges. To better understand this, the New York Federal Reserve Bank recently created a Global Supply Chain Pressure Index which provides a more comprehensive summary of potential disruptions affecting global supply chains. To understand more about globalisation, read our case study on Worley Parsons : the benefits of global expansion.

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