Supply chain pressures continue to ease, investment bank Morgan Stanley said in a report Monday, noting the July Morgan Stanley Supply Chain Index reflected “improvement in global costs of shipping raw materials, better delivery times and backlogs in some economies, and an incipient drop in containership charter rates.” The report added that “supply chains are still under stress, and we are still far from normal levels, but July’s print confirmed the break we saw in June and we do not see signs of a slowing pace of improvement.” It is possible an easing of supply chain pressures, which have been a key driver of the inflation…
Supply Chain Pressures Ebbed in July
