cover image: A Metric of Global Maritime Supply Chain Disruptions: The Global Supply Chain Stress Index (GSCSI)

20.500.12592/469ogkl

A Metric of Global Maritime Supply Chain Disruptions: The Global Supply Chain Stress Index (GSCSI)

16 Jul 2024

Global supply chains recently faced widespread disruptions. The COVID-19 pandemic caused major disruptions in 2021 and 2022, while in late 2023, geopolitical incidents in the Red Sea and water shortages in the Panama Canal disrupted global shipping routes. Regardless of the cause, delays, or rerouting mean that disruption diffuses at a global scale. To quantify and assess the magnitude of disruptions globally or locally, in 2021, the World Bank developed a proposed metric, the Global Supply Chain Stress Index. The index derives from Automatic Identification System tracking data. It calculates the equivalent stalled ship capacity measured in twenty-foot equivalent units), providing data at the port, country, regional, and global levels. This granular information can inform targeted interventions and contingency planning, improving the resilience of maritime infrastructure and networks. The index explains the observed surges in shipping rates during disruptions, assuming shippers’ willingness to pay for scarcer shipping slots. An increase of 1 million twenty-foot equivalent units in global stress pushes the Shanghai Containerized Freight Index up by US$2,300 per twenty-foot equivalent unit.
maritime transport trade facilitation and logistics supply chain and logistics sdg 11 international economics and trade::international trade and trade rules sustainable cities and communities sdg 8 decent work and economic growth international economics and trade::trade facilitation

Authors

Arvis, Jean-François, Rastogi, Cordula, Rodrigue, Jean-Paul, Ulybina, Daria

Citation
“ Arvis, Jean-François ; Rastogi, Cordula ; Rodrigue, Jean-Paul ; Ulybina, Daria . 2024 . A Metric of Global Maritime Supply Chain Disruptions: The Global Supply Chain Stress Index (GSCSI) . Policy Research Working Paper; 10839 . © Washington, DC: World Bank . http://hdl.handle.net/10986/41873 License: CC BY 3.0 IGO . ”
Collection(s)
Policy Research Working Papers
DOI
http://dx.doi.org/10.1596/1813-9450-10839
Identifier externaldocumentum
34360500
Identifier internaldocumentum
34360500
Pages
28
Published in
United States of America
RelationisPartofseries
Policy Research Working Paper; 10839
Report
WPS10839
Rights
CC BY 3.0 IGO
Rights Holder
World Bank
Rights URI
https://creativecommons.org/licenses/by/3.0/igo/
UNIT
EFI-MTI-TIC-Trade and RI (ETIRI)
URI
https://hdl.handle.net/10986/41873
date disclosure
2024-07-16
region geographical
World

Files

Table of Contents