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GEP: Weak demand and spare capacity persist in global supply chain

Adhikansh Gupta

• 1 min read
GEP: Weak demand and spare capacity persist in global supply chain

August marked the 14th consecutive month of weak demand in GEP's Global Supply Chain Volatility Index. The index rose slightly to -0.18, indicating sustained idle capacity in global suppliers. Demand for raw materials and components continued to decline, particularly in Europe and North America. Asia had the strongest demand due to increased purchasing in India, Indonesia, and Vietnam. Companies showed little interest in building inventories and labor shortages had minimal impact. Transportation costs increased due to higher oil prices. GEP warned of rising costs and wage pressures in certain industries.

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Frequently Asked Questions - GEP: Weak Demand and Spare Capacity in Global Supply Chain

FAQs

What is the GEP Global Supply Chain Volatility Index?

The GEP Global Supply Chain Volatility Index is a measure that tracks demand conditions, shortages, transportation costs, and excess capacity across global supply chains amid weak global demand.

Where can I find more information about weak demand and spare capacity in the global supply chain?

To get more information about frequently asked questions regarding weak demand and spare capacity persisting in the global supply chain, it is best to visit the official GEP website or reach out to GEP directly for any specific FAQs they may have on this subject.

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