• Supply chain pressures rose but remained quite low at the start of the year suggesting shipping disruptions tied to trouble in the Middle East have yet to manifest themselves in generalized disruptions, a report from the Federal Reserve Bank of New York said on Tuesday.
  • The bank’s Global Supply Chain Pressure Index for January moved to -0.11, from December’s -0.15. A reading below zero suggests below normal supply chain pressures.
  • January’s reading remains also well below the record 4.33 reading hit in December 2021, when supply chains around the world were hard hit by disruptions tied to the coronavirus pandemic.