Template-Type: ReDIF-Paper 1.0
Author-Name: Deniz Igan
Author-X-Name-First: Deniz
Author-X-Name-Last: Igan
Author-Name: Phurichai Rungcharoenkitkul 
Author-X-Name-First: Phurichai
Author-X-Name-Last: Rungcharoenkitkul 
Author-Name: Koji Takahashi
Author-X-Name-First: Koji
Author-X-Name-Last: Takahashi
Title: Global supply chain disruptions: evolution, impact, outlook
Abstract: Global supply chain disruptions ("bottlenecks") have been easing gradually, albeit unevenly across sectors and regions. However, they remain significant relatively to the historical norm. The intricacies of today's global value chains account for the persistence and severe macroeconomic impact of bottlenecks in spite of their recent easing. Highly concentrated sectors such as semiconductors are prime examples.
While continued easing of bottlenecks – which should help moderate inflation – is the most likely scenario, there are upside risks to inflation from more protracted bottleneck-induced disruptions. Nor can new bottlenecks be ruled out.
Length: 9 pages
Creation-Date: 2022-09-28
File-URL: https://www.bis.org/publ/bisbull61.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull61.htm
File-Format: text/html
Number: 61
Handle: RePEc:bis:bisblt:61