For importers and distributors affected over the last couple years by supply chain dysfunction—in other words, pretty much everybody—the big picture is looking a bit brighter.
Shipping bottlenecks are beginning to loosen. The recent drop in wholesale inflation (for the first time in two years) provided a sign that some of the U.S. economy’s inflationary pressures have begun to cool. The New York Fed’s Global Supply Chain Pressure Index fell for the third straight month in July, hitting its lowest point since January 2021.