The World Bank's Global Supply Chain Stress Index (GSCSI) examines the disruptions affecting container shipping and their effects on worldwide supply networks.
As global supply chains have developed, tasks once completed in a single location are now spread across multiple nations. This distribution of production allows companies in developing countries to industrialize more quickly by focusing on specific tasks and accessing larger international markets.
The modern trade system relies heavily on dependable and timely global shipping and logistics. The disruptions caused by the COVID-19 pandemic underscored the necessity of observing stress levels in these supply chains. The Global Supply Chain Stress Index, established in 2021 by the World Bank's Trade Team, serves this very purpose.