Launched in January 2022, the GSCPI uses a range of transportation cost data and manufacturing indicators to provide a gauge of global supply chain conditions dating back to 1997. The index infuses two well known maritime indices, the Baltic Dry Index and the Harper Petersen index of containership hires, in addition to airfreight cost indices from the U.S. Bureau of Labor Statistics and multiple other economic datasets from the transportation and manufacturing sectors to “develop a parsimonious measure of global supply chain pressures.” The GSCPI is updated monthly on the fourth business day of each month.
“The GSCPI’s recent movements suggest that global supply chain conditions have returned to normal after experiencing temporary setbacks around the turn of the year,” the NY Fed said.
Dutch towage operator KOTUG International has acquired full ownership of its Freeport, Bahamas-focussed joint venture with SEACOR Holdings, with KOTUG buying out the 50% stake held by SEACOR via its...
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