General

Goldman Sachs analysts said that the worst period of the global supply chain crisis has passed, and they are optimistic about solving the bottleneck of the supply chain.

u3000u3000 The reasons why Goldman Sachs is optimistic about the outlook for the supply chain include: freight rates have generally fallen from the peak in September; some companies have recently expressed optimism about supply chain issues. In addition, Malcolm Wilson, CEO of GXO Logistics, a leading global contract logistics company, said a few days ago: "We have survived the worst, and I think (the supply chain bottleneck) has reached its peak."

u3000u3000 Goldman Sachs is not the only organization that believes that supply chain problems have begun to improve. JPMorgan Chase also believes that the bottleneck of the global supply chain may have begun to ease. The bank pointed out that global car sales in October increased by 3.8% month-on-month, which may be an encouraging sign; although the adverse effects of component shortages and interruptions in the supply of other products may not be over, at least for the car. There are already some signs of improvement in specific industries.

u3000u3000 In addition, an ANZ Bank report pointed out that although global shipping costs are still high, they are showing some signs of stabilization. The HARPEX index (that is, the Harper-Peterson Chartering Rate Index) shows that the global container ship chartering rate fell for the first time in 16 months at the end of October. The industry believes this may be a sign of a decline in container freight rates; The level at the end of October was similar to that at the beginning of October. In addition, the more volatile Baltic Dry Index fell by 32% in October.