For some time now, an outfit called GEP has been producing what it calls the Supply Chain Volatility Index on a monthly basis, the most recent of which is shown below:

Source: CNBC
When the index is negative, as it has been for North America for some time, it means that suppl chains have less pressure than normal, based on a variety of factors such as demand conditions, shortages, transportation costs, inventories, and backlogs. This data is based on a monthly survey of 27,000 businesses.
Conversely, an index score above 0 indicates above normal pressures.
While North America has been below zero for months, has jumped in April the impact of the US tariffs on many of the component metrics.
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