Our US supply-chain stress tracker offers some encouraging news to kick off the new year. Pressures on the inventory front diminished in December, albeit modestly. However, logistics bottlenecks remained – despite improvement on the surface in our transportation tracker measure. Meanwhile, stress rose on the activity, price, and labour fronts. The Omicron variant threatens to jam the economy’s gears, intensifying already severe supply-chain problems.
What you will learn:
Topics: Forecasts, Coronavirus, US economy, Price Inflation, Macroeconomics, Covid19, Supply chain, Transportation, Global shipping costs, Omicron