The End of the Supply Chain Crisis Provides Inflation Relief

Not more than a year ago, all eyes were focused on the disruption in the global supply chain. Ports were backed up, transportation costs were soaring, and there was a shortage of essential consumer goods. These bottlenecks caused massive stress in the economy and skyrocketing inflation. Today, things are very, very different.

Excess capacity in ocean freight shipping, trucking, and other critical components of the supply chain is putting downward pressure on prices, reversing backlogs across the supply chain and contributing to the decline in inflation.