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A New Barometer of Global Supply Chain Pressures

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Abstract

Supply chain disruptions have become a major challenge for the global economy since the start of the COVID-19 pandemic. Factory shutdowns (particularly in Asia) and widespread lockdowns and mobility restrictions have resulted in disruptions across logistics networks, increases in shipping costs, and longer delivery times. Several measures have been used to gauge these disruptions, although those measures tend to focus on selected dimensions of global supply chains. In this post, we propose a new gauge, the Global Supply Chain Pressure Index (GSCPI), which integrates a number of commonly used metrics with an aim to provide a more comprehensive summary of potential disruptions affecting global supply chains.

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  • Gianluca Benigno & Julian di Giovanni & Jan J. J. Groen & Adam I. Noble, 2022. "A New Barometer of Global Supply Chain Pressures," Liberty Street Economics 20220104, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:93594
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    Cited by:

    1. Hall, Stephen G. & Tavlas, George S. & Wang, Yongli, 2023. "Drivers and spillover effects of inflation: The United States, the euro area, and the United Kingdom☆," Journal of International Money and Finance, Elsevier, vol. 131(C).
    2. Cong Yu & Dongdan Jiao & Yuchen Wei & Qi Wang, 2025. "How Does Global Supply Chain Pressure Affect Oil Prices in Futures Markets?," Sustainability, MDPI, vol. 17(16), pages 1-21, August.
    3. Szyszko, Magdalena & Kliber, Agata, 2025. "The asymmetric impact of fuel and oil prices on inflation and inflation expectations in emerging economies," Energy Economics, Elsevier, vol. 147(C).
    4. Ke, Jian-yu & Cho, Woohyun & Su, Hao, 2025. "Flying through uncertainty: Air transportation’s impact on supply chain resilience and inventory efficiency," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 197(C).
    5. Francesco Corsello & Marco Flaccadoro & Stefania Villa, 2023. "Quantity versus price dynamics: the role of energy and bottlenecks in the Italian industrial sector," Questioni di Economia e Finanza (Occasional Papers) 781, Bank of Italy, Economic Research and International Relations Area.
    6. Kim, Won Joong & Ko, Juyoung & Kwon, Won Soon & Piao, Chunyan, 2025. "Time-varying sources of fluctuations in global inflation," Economic Modelling, Elsevier, vol. 143(C).
    7. Kim, Junhyong, 2025. "The impact of external uncertainty shocks on the Korean economy," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 47(1), pages 19-66.
    8. Jantadej, Kulaya & Kotcharin, Suntichai, 2025. "Navigating liquidity in turbulent waters: The impact of global supply chain pressures on maritime working capital management strategies," Research in Transportation Economics, Elsevier, vol. 112(C).
    9. Almut Balleer & Marvin Noeller, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-Level Data," CESifo Working Paper Series 10261, CESifo.
    10. Morão, Hugo, 2025. "The economic effects of tensions in energy transportation," Research in Transportation Economics, Elsevier, vol. 112(C).
    11. Cai, Yifei, 2025. "US-China tensions, global supply chains pressure, and global economy," Economics Letters, Elsevier, vol. 250(C).
    12. Mućk, Jakub & Błażejowska, Aneta & Łapszys, Karolina & Szafranek, Karol, 2025. "On the effect of e-commerce’s spread on inflation," Economics Letters, Elsevier, vol. 254(C).
    13. Laumer, Sebastian & Schaffer, Matthew, 2025. "Monetary policy transmission under supply chain pressure," European Economic Review, Elsevier, vol. 172(C).
    14. Cevik, Serhan & Gwon, Gyowon, 2024. "This is going to hurt: Weather anomalies, supply chain pressures and inflation," International Economics, Elsevier, vol. 180(C).
    15. Fernando Cirelli & Mark Gertler, 2022. "Economic Winners Versus Losers and the Unequal Pandemic Recession," NBER Working Papers 29713, National Bureau of Economic Research, Inc.
    16. Tom Dudda & Tony Klein & Duc Khuong Nguyen & Thomas Walther, 2022. "Common Drivers of Commodity Futures?," Working Papers 2207, Utrecht School of Economics.
    17. Viral V. Acharya & Matteo Crosignani & Tim Eisert & Christian Eufinger, 2023. "How Do Supply Shocks to Inflation Generalize? Evidence from the Pandemic Era in Europe," NBER Working Papers 31790, National Bureau of Economic Research, Inc.
    18. Aydin Yakut, Dilan, 2025. "Beyond Aggregates: A Dual Lens on Eurozone Trend Inflation," Research Technical Papers 3/RT/25, Central Bank of Ireland.
    19. Platitas, Reizle Jade C. & Ocampo, Jan Christopher G., 2025. "From bottlenecks to inflation: Impact of global supply-chain disruptions on inflation in select Asian economies," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 6(1).

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    • F0 - International Economics - - General

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