Asian supply chains at full capacity as export growth in China, Taiwan and India drives factory activity European factories cut inventories as industrial slowdown continues, but tentative signs of recovery emerge CLARK, N.J., March 12, 2025 /PRNewswire/ -- GEP Global Supply Chain Volatility Index - a leading indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses - fell to -0.45 in February, from -0.21 in January, its lowest level since July 2023. While the index shows that overall supply chain capacity became more underutilized globally, regional data reveals significant geographical differences.