A survey measuring supply chain activity, the Logistics Managers’ Index (LMI), logged a 12th straight month with a reading above 70, a level classified as “significant expansion.” An accumulation of inventory throughout the supply chain and not enough transportation capacity to turn it quickly drove the increase.
The LMI increased 1.8 percentage points in January to 71.9. A reading above 50% indicates expansion while a reading below 50% indicates contraction.
The subindex for inventory levels...
https://www.freightwaves.com/news/lack-of-transportation-capacity-swells-inventories-survey-finds