Many companies and customers experienced the pain of those disruptions and are now looking for resiliency wherever they can get it. The pandemic and then the war in Ukraine demonstrated the fragility of supply chains. However, this latest report, published by Citi experts leading our thinking on supply chains and backed by survey responses from thousands of large multinational corporations and their suppliers globally, indicates that disruption remains top of mind. Nevertheless here we are, somewhere closer to normal, as Citi’s most recent Global Supply Chain Pressure Index shows overall levels have fallen back to pre-pandemic norms but supply chain stresses remain with inflationary pressure and rising interest rates across many countries. I think we can agree that the past year - or even the past several years - have indeed been complicated.

Trade accounts for 52% of global GDP, according to the World Bank.Ī year ago, Citi published a comprehensive report examining The Complicated Road Back to “Normal ” for global supply chains. Trade flows are a fundamental driver of global economic growth and commerce, mitigating pressures and inflationary challenges, with social and environmental benefits intrinsically linked to that growth.

Citi global data index