Fed warns of worrisome new pressure on global supply chain

Global supply-chain pressures increased for the first time this year last month, with the potential for heightened geopolitical tensions to further stoke logistics bottlenecks in the near term, the Federal Reserve Bank of New York said.

The Global Supply Chain Pressure Index rose to 3.29 last month, from 2.8 in March, the New York Fed said in a statement Wednesday. It had peaked at 4.45 in December.

The gauge brings together 27 variables that take the temperature of cross-border transportation costs and country-level manufacturing data in the euro area, China, Japan, South Korea, Taiwan, the U.K. and the U.S.

The worsening snarls were predominantly driven by slowdowns in

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