Global Supply Chain Pressure Index: The China Factor

Ozge Akinci, Gianluca Benigno, Hunter Clark, William Cross-Bermingham and Ethan Nourbash

No 20230106, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: In a January 2022 post, we first presented the Global Supply Chain Pressure Index (GSCPI), a parsimonious global measure designed to capture supply chain disruptions using a range of indicators. In this post, we review GSCPI readings through December 2022, and then briefly discuss the drivers of recent moves in the index. While supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months. Our analysis attributes the recent pause largely to the pandemic in China amid an easing of “Zero COVID” policies.

Keywords: Global Supply Chain Pressure Index (GSCPI); COVID-19; COVID-19 pandemic; China; imbalances (search for similar items in EconPapers)
JEL-codes: E31 F0 (search for similar items in EconPapers)
Date: 2023-01-06
New Economics Papers: this item is included in nep-cna and nep-int
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