Global Manufacturing Demand Rebounds in January 2026

The GEP Global Supply Chain Volatility Index for January 2026 reported a significant rebound in global manufacturing demand, marking the strongest rise in worldwide demand for commodities, raw materials, and components in almost four years. This surge was primarily driven by increased procurement activity in major Asian economies like China, Japan, South Korea, India, and across ASEAN markets. North America also regained momentum, with the United States' manufacturing economy showing resilience and an increased appetite for inventory building. In contrast, Europe's manufacturing sector remained a laggard, with firms hesitant to restock, although there are tentative signs of an improving outlook. The United Kingdom's manufacturing sector specifically showed weakening, with underutilized supply chains. The report, co-produced by GEP and S&P Global, indicates that while transportation costs rose due to increasing global oil prices, material and labor shortages remained below historical averages, suggesting a relatively stable supply environment.