Supply chains recover from pandemic disruptions

After experiencing significant disruptions in the beginning of 2022, global supply chains have shown remarkable recovery over the past 18 months. Long delays at ports and congestion within supply chains have alleviated considerably. Shipping rates have also decreased, and supply chains now appear to be in a better state than before the pandemic. The decline in new orders due to weaker global demand for goods has helped clear up supply chain challenges, although there is a possibility of further disruptions depending on future demand spikes or supply shocks.