Global Supply Chain Volatility Index February 2026

The GEP Global Supply Chain Volatility Index for February 2026 indicates a significant increase in worldwide purchases of raw materials, commodities, and critical components, marking the fastest pace in almost four years. This upturn is broad-based across sectors, suggesting a cyclical upswing. Asia is the primary driver, with China, Japan, India, South Korea, and Taiwan reporting strong purchasing growth, leading to the busiest Asian supply networks in three-and-a-half years. Conversely, North America, particularly the United States, experienced a weaker trend in factory purchasing and a loss of manufacturing momentum, though Canada saw an increase in purchases. Europe's industrial recovery continues, led by Germany, but this has resulted in emerging supply bottlenecks. The United Kingdom's supply chains are also running at full capacity. A major concern highlighted is the war with Iran, which is anticipated to create an oil supply shock and disrupt global supply chains, impacting energy, petrochemical, and shipping costs.