In a significant development, the latest analysis of the Logistics Managers Index indicates remarkable stability in the global supply chain, nearly four years after the COVID-19 pandemic disrupted it. The logistics industry is displaying signs of robustness, as highlighted by Arizona State University W.P. Carey professor Dale Rogers during a recent discussion on PBS’ “Arizona Horizon.”
Professor Rogers emphasized that the global supply chains have largely recovered. While acknowledging the presence of some political issues and minor challenges, he expressed an optimistic view, stating, “Global supply chains have mostly healed. You know, there are political issues and some other minor things, but for the most part, things have healed, and we’re back to normal.”
Interestingly, according to Rogers, logistics managers took proactive measures by overbuilding capacity during and after the peak of the pandemic. This strategic move, however, resulted in job losses within the trucking industry. The revelation sheds light on the complexities of decision-making during uncertain times and the subsequent adjustments made to ensure the resilience of the supply chain.
The International Centre for Trade Transparency and Monitoring is closely monitoring these trends, providing valuable insights into the state of global trade and logistics. The positive trajectory observed in the global supply chain is a testament to the adaptability and resilience of the industry in the face of unprecedented challenges.
