August Freight Market Report

Tensions across the Taiwan Strait are not good news for global supply chains, but after a difficult 18 months recent data suggest supply chains may be returning to relative calm.

The global supply chain pressure index, is down 57% from its peak, as rates on some key trade lanes soften and vessel queues fall outside the busiest global ports, with an easing in delivery times of inputs and materials.

However, the purchasing managers’ index (PMI) is showing a marked fall in orders, which may reflect weakening demand for goods, as high inflation and rising interest rates dent consumer confidence.

Our latest freight market report considers these trends and the impact of inflation heightening the risk of industrial action. With strikes likely to add to supply chain congestion in northern Europe, they will reduce effective capacity and potentially reverse that supply chain calm.

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