Stabilization of global supply chains

Tight global supply chains show signs of improvement. According to Financial Times the latest data show some signs of stabilization.

✅ According to Freightos, the average cost of transporting a standard container (40 feet) fell by 45% compared to last autumn.

✅ Since the beginning of the year the number of ships waiting to be unloaded in the port of Los Angeles has decreased by 75%, despite the fact that June was the most active month in over a century.

✅ According to Flexport air cargo deliveries time is constantly improving.

✅ The Global Supply Chain Pressure Index, run by the Federal Reserve Bank in New York and showing tensions in supply chains, fell by 57%.

Source: Financial Times