Supply Chain Returns to Normal
The Federal Reserve Bank of New York said in March that the supply chain has returned to normal, almost three years after Covid-19 was declared a pandemic. The February reading in the NY Fed’s Global Supply Chain Pressure Index was -0.26, reaching negative territory for the first time since August 2019. Zero marks the historical average, and changes in either direction mark standard deviations from that trend. Maximum disruptions pushed the gauge to a peak of 4.31 in December 2021.
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