Global Supply Chain Pressures Rise in September

The Global Supply Chain Pressure Index rose to 1.28 in September 2026, from an upwardly revised 1.20 in August, indicating a modest increase in supply chain pressures last month.

Despite the rise, pressures remain well below their most recent peak of 1.81 in May and are far from the 4.43 reading recorded in December 2021, when widespread disruptions from the COVID-19 pandemic severely strained global supply chains.

Elevated supply chain pressures can contribute to higher inflation by increasing costs and limiting the availability of goods.

The latest increase comes as the Federal Reserve raised its interest-rate target last month and signaled another hike by year-end, as policymakers seek to bring inflationary pressures back toward the Fed’s target.