Fed Data Shows Global Supply Chain Pressure Hits 4-Year High

Global supply chain pressure reached its highest level in nearly four years in April as the Iran war disrupted the movement of goods and drove up fuel prices. The Global Supply Chain Pressure Index (GSCPI) rose to 1.82 in April, up from 0.68 in March and 0.55 in February, according to data released by the Federal Reserve Bank of New York . The figure for April is the highest since the 1.86 recorded in July 2022, according to an Excel spreadsheet released along with the update.