Global Supply Chain Update – July 7, 2022

Supply chain concerns have faded into the background somewhat in the past couple weeks. There have not been any major shortages getting a lot of publicity since the baby formula debacle. The “shortage” currently occupying the news cycle, the pilot shortage, is more of a labor problem.  

Trucking rates and demand have mostly declined for the past several weeks, and even container rates have started to fall. Search trends point toward intermittent issues here and there, but overall the big metrics of the past two years have improved. 

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