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New index measures supply chain pressure — and it’s really high

New index measures supply chain pressure — and it's really high

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Researchers at the New York Federal Reserve have a new way to measure the logistics chaos that’s being partially blamed for consumer price inflation: the Global Supply Chain Pressure Index (GSCPI). The new measure aggregates 27 indicators — including two shipping indexes, the Baltic Dry Index (BDI) and Harpex index — into a standard deviation from the average since 1997.

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