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Chicago Business Barometer Shows Continued Supply-Chain Improvements

US DATA
MNI (London)

The Chicago Business BarometerTM, produced with MNI, again asked firms "Are you seeing any easing up in the supply chain blockages?

  • The majority (71%) of respondents were seeing at least some easing of supply chain blockages, leaving 26% not experiencing improvements. Only 3% of firms reported having not been affected by supply chain issues.
  • Supply chain pressures have eased substantially since we initially asked this question in November 2021, when 65% of participants failed to see improvements.
  • Easing global supply chains are both a reflection of improved global trade movements following substantial bottlenecks due to the pandemic and escalated by the Ukraine-Russia war. Yet improved supply relations will also be due to the decline in global demand.
  • Nonetheless, destabilised international trade relations imply that the pre-Covid ease of global supply and delivery is likely a bygone era.

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