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GLOBAL SUPPLY CHAIN STRAIN HITS HIGHEST LEVEL SINCE 2022 CRISIS AS FIRMS STOCKPILE AGAINST INFLATION AND SHORTAGES: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

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Reports of safety stockpiling their highest since the post-pandemic supply crunch, as firms seek to secure goods and raw materials ahead of further price risesGlobal item shortages at a three-and-a-half-year peak and transportation costs hit a record highAsia reports the sharpest spike in supply chain disruption, with bottlenecks also worsening across Europe and North America

CLARK, N.J., May 13, 2026 /PRNewswire/ — GEP Global Supply Chain Volatility Index, based on a monthly survey of 27,000 businesses, shows that global supply chain pressures surged in April to their highest level since the pandemic-era disruptions of late 2022, as the war in the Middle East fueled inflation fears, shortages and aggressive stockpiling by manufacturers worldwide. The GEP Global Supply Chain Volatility Index jumped to 1.64 in April, from 0.57 in March, its highest reading since October 2022.

Businesses globally ramped up safety stockpiling of goods and raw materials at the fastest rate in three years as they seek to secure supply ahead of further price rises and disruption. European manufacturers reported the most aggressive inventory building, signaling heightened concern over supply availability and costs.

The rush to build inventories pushed global purchasing activity to its strongest level in more than four years and intensified pressure on suppliers. Reports of item shortages rose to their highest level since November 2022.

Asia reported the sharpest deterioration in supply chain conditions during April, driven by surging transportation costs, worsening shortages and rising purchasing activity. Bottlenecks also intensified significantly across Europe and North America.

Global transportation costs climbed to a record high in April, reflecting maritime disruption, soaring fuel prices and logistical challenges linked to the war in the Middle East.

“Even if tensions in the Middle East ease quickly, global supply chains are unlikely to normalize for another six to 12 months,” said John Piatek, vice president, consulting, GEP. “What stands out in April’s data is how broadly the disruption is spreading. Shortages worsened across every major region, signaling this is no longer an isolated transport shock. Companies worldwide are now scrambling to secure supply and protect themselves against further inflation and disruption.”

Interpreting the data:

Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are.
Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are.

APRIL 2026 REGIONAL KEY FINDINGS

ASIA: Index soars to 3.79, from 1.16, its highest in more than four years. Surging transportation costs were a key factor behind the index’s increase, with the region more reliant on Middle East oil than other parts of the globe.
NORTH AMERICA: Index jumps to 1.52, from 0.42, a 44-month record. Manufacturers in the U.S. and Canada purchased more materials to build inventories, leading to a sharp squeeze on supply chain capacity in the continent.
EUROPE: Index rises to 1.64, from 0.64, a three-and-a-half-year high, as European manufacturers safety stockpiled more than any other part of the globe.
U.K.: Index rises to 0.96, from 0.16, its highest reading since December 2022. 

APRIL 2026 KEY FINDINGS

DEMAND: Global demand for production inputs such as raw materials, commodities and intermediate goods rose in April, with purchasing its strongest in more than four years. The expansion reflected front-loaded buying activity in anticipation of price inflation and supply disruption, rather than growth due to improving underlying manufacturing conditions. INVENTORIES: To mitigate further price rises and supply disruption, global manufacturers built buffers into their inventories more aggressively. Reports of safety stockpiling surged higher in April and were their most widespread since January 2023 as oil prices remained volatile and uncertainty regarding the war in the Middle East continued.MATERIAL SHORTAGES: The items in short supply indicator rose again in April to its highest in nearly three-and-a-half years, signaling that shortages of critical materials and inputs were the highest since late 2022, towards the end of the post-pandemic supply squeeze.LABOR SHORTAGES: Labor shortages remained contained in April, although they were marginally above the long-run average at the global level. By region, reports of manufacturing backlogs rising due to staff shortages were their greatest in Europe. TRANSPORTATION: The global transportation costs tracker soared to a record high in April (data were first collected in 2005), reflecting surging fuel prices, as well as rising maritime shipping and freight rates.

For more information, visit www.gep.com/volatility.

Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com.

The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Jun. 10, 2026.

About the GEP Global Supply Chain Volatility Index

The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global’s PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global.

A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched.A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized.

A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here.

About GEP

GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP’s cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.

Disclaimer

The intellectual property rights to the data provided herein are owned by or licensed to S&P Global and/or its affiliates. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without S&P Global’s prior consent. S&P Global shall not have any liability, duty or obligation for or relating to the content or information (“Data”) contained herein, any errors, inaccuracies, omissions or delays in the Data, or for any actions taken in reliance thereon. In no event shall S&P Global be liable for any special, incidental, or consequential damages, arising out of the use of the Data. Purchasing Managers’ Index™ and PMI® are either trade marks or registered trade marks of S&P Global Inc or licensed to S&P Global Inc and/or its affiliates.

This Content was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global. Reproduction of any information, data or material, including ratings (“Content”) in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers (“Content Providers”) do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content.

Media Contacts

Derek Creevey

Joe Hayes

S&P Global Market Intelligence

Director, Public Relations

Principal Economist

Corporate Communications

GEP

S&P Global Market Intelligence

Email: Press.mi@spglobal.com

Phone: +1 646-276-4579

Phone: +44-1344-328-099

Email: derek.creevey@gep.com

Email: joe.hayes@spglobal.com

 

 

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Mindstream Energy d/b/a Mindstream Jordan LLC Expands Sovereign AI Platform Through Strategic Collaborations With CodeZero And Green Revolution Cooling

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New agreements extend Mindstream’s platform beyond energy and modular data centers into AI strategy, application development, and advanced immersion cooling

HOUSTON, July 28, 2026 /PRNewswire/ — Mindstream Energy announced today the execution of strategic collaboration agreements with CodeZero Group, a UK-based global AI consulting and application development firm, and Green Revolution Cooling, Inc. (GRC), a leading provider of single-phase immersion cooling technology.

Together, the agreements expand Mindstream’s ability to deliver end-to-end sovereign AI and digital infrastructure solutions to governments, enterprises, and strategic industries across the Middle East, North Africa, and beyond.

The announcement builds on recent Al-Risha project milestones, including Mindstream’s long-term Natural Gas Supply Agreement with Jordan’s National Petroleum Company (NPC).

The collaborations strengthen Mindstream’s Al-Risha Sovereign AI and Digital Infrastructure Platform, developed adjacent to Jordan’s Al-Risha natural gas field and designed to scale to approximately 400 megawatts serving Jordan, Iraq, Syria, and the broader MENA region.

While Mindstream remains focused on secure, energy-first AI infrastructure, these new relationships extend its capabilities well beyond the physical data center.

Through CodeZero, Mindstream will help governments and enterprise customers evaluate AI use cases, assess compute requirements, select the right infrastructure, and develop custom AI applications tailored to their objectives, moving organizations from AI strategy to practical deployment aligned with business, government, and national priorities.

Combined with Mindstream’s modular deployment model, scaling to demand with order-to-delivery timelines of four months, these expanded capabilities let customers move seamlessly from AI strategy and workload assessment through deployment, application development, and long-term operational support.

“Sovereign AI can’t be built one layer at a time,” said Mark F. Thimmig, Chairman & CEO of Mindstream Energy. “Energy, compute, cooling, and application design have to work together from day one, or the infrastructure can’t keep pace with the workloads it was built for. CodeZero and GRC help us close that gap for partners across the region.”

The Green Revolution Cooling (GRC) collaboration expands Mindstream’s portfolio of high-density computing solutions through one of the industry’s most established patented immersion cooling platforms. GRC’s expertise in advanced thermal management adds design flexibility and broadens the range of high-performance AI environments Mindstream can offer, including deployments in demanding, high-temperature climates without reliance on external water cooling.

The recent collaborations create a framework for jointly pursuing sovereign AI initiatives, digital infrastructure projects, government modernization programs, and enterprise AI opportunities across Jordan, Iraq, Syria, Saudi Arabia, the UAE, and other markets.

Mindstream believes sovereign AI requires far more than compute access; it depends on secure energy infrastructure, the right AI architecture, advanced cooling, application expertise, and long-term operational support. These new capabilities position the company to deliver integrated, end-to-end solutions across each of those requirements.

As the Al-Risha platform advances toward initial operations, Mindstream welcomes discussions with governments, strategic investors, enterprise customers, technology providers, systems integrators, and organizations seeking to leverage its sovereign AI infrastructure or collaborate on next-generation AI solutions across the Middle East and North Africa.

About Mindstream Energy

Mindstream Energy is developing the Al-Risha Sovereign AI and Digital Infrastructure Platform in Jordan, an energy-first, modular AI campus delivering secure sovereign AI, high-performance computing, digital infrastructure, and AI application enablement for governments, enterprises, and strategic industries across the Middle East and North Africa. The platform is designed to scale to approximately 400 MW and serve as a foundation for regional sovereign AI deployment.

For additional information, strategic partnership opportunities, or investor inquiries, visit www.mindstreamenergy.com or contact info@mindstreamenergy.com.

Media Contact:
George Pappas
Conservaco / The Ignite Agency
562-857-5680
419592@email4pr.com
www.conservaco.com

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Birdai Labs Raises $4 Million to Return Onchain Trading Value to the People Who Create It

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Seed round led by Castle Island Ventures backs the neutral infrastructure setting the standard for onchain execution quality.

SAN FRANCISCO, July 28, 2026 /PRNewswire/ — Birdai Labs, which builds infrastructure to measure, verify, and improve how trades execute on high-performance blockchains, today announced a $4 million seed round led by Castle Island Ventures, with participation from Metalayer Ventures and The Venture Dept. The company is building a transparent path to better execution for traders and market makers, and a healthier market for the validators who secure it. The raise comes as the industry’s fastest blockchains converge on multi-proposer architectures, a design shift that fragments control over transaction ordering and makes execution quality the next competitive frontier. The round will fund senior engineering hires and extend the company’s infrastructure at the base of the chain.

Onchain markets have a quiet problem: value is taken from the traders who create it, in the gap between an order and its fill, with no standard to measure it and no way to get it back. Birdai Labs was built to change that.

Birdai Labs was founded and self-funded by Kevin Farrelly and Greg Scanlon, who built the company’s initial infrastructure before raising outside capital. Farrelly previously founded Random Forest Capital, a machine-learning credit company acquired by Franklin Templeton in 2018, where he spent seven years building the firm’s blockchain venture programs. Scanlon is a former Citadel Senior Quantitative Trader who joined Farrelly at Franklin Templeton to build that early-stage venture practice, and built Birdai Labs’ core technology. Farrelly is a proven builder with a successful exit, and both he and Scanlon spent years inside some of the world’s largest traditional finance firms running due diligence on hundreds of early-stage blockchain companies. Watching so many teams win and fail in the blockchain world taught them that data beats narrative, and that the strongest protocols start from what a market does, not the category it claims. Seeing this market from both the builder’s chair and the institutional allocator’s seat while letting the data lead is where the company’s thesis comes from.

Recently, the company expanded the team with the addition of James McClain as founding quantitative researcher. A top-tier quantitative hedge fund veteran with a PhD from Princeton, McClain anchors the company’s quantitative research alongside Scanlon.

Traditional markets earned institutional participation by making execution quality measurable and enforceable, through frameworks like Regulation NMS and order-handling disclosure. The rules for digital assets are still being written. What is not in doubt is what institutions will require before they participate at scale: better execution, fairness, and transparency. Birdai Labs is building the onchain analog: neutral infrastructure that is built to improve execution and make it provable, so participants can meet that standard however the rules arrive.

Most infrastructure starts from theory. Birdai Labs was built from decoded transaction data. The record of how transactions are timed, sequenced, and propagated exists only at the base of a chain. Public APIs show what settled; the base layer shows how. Birdai Labs operates its own infrastructure giving it a ground-truth view of execution. It uses that view not to report on the market, but to change it. Any improvement it delivers is verifiable against the chain itself.

Because it operates from inside the market, Birdai Labs acts at the layer where execution is actually decided, and is built to return value to the participants who create order flow rather than extract it from them. The advantage compounds: the more flow the company sees, the sharper its view of execution becomes, and the more value it can return, which in turn draws more flow. The result is a system designed to grow the pie rather than take a bigger slice.

“For onchain markets to win institutional capital at scale, the cost of liquidity in DeFi has to be at least as good as it is in traditional finance, and provably so. Too often it isn’t, because value leaks in execution with no standard to hold it to. Closing that gap takes excellence across many layers of execution, and it sits at the core of what we build,” said Kevin Farrelly, co-founder and CEO of Birdai Labs.

“As stablecoin and real-world-asset tokenization become a clear killer app for public blockchains, Birdai Labs is building critical infrastructure that will add trust and accelerate this market,” said Matt Walsh, a Founding Partner at Castle Island Ventures. “Kevin and Greg pair institutional market-structure fluency with base-layer engineering, and that combination is perfect founder-market fit.”

About Birdai Labs

Birdai Labs, Inc. is a San Francisco-based company founded in 2025. It operates at the base of the chain and builds infrastructure that measures, verifies, and improves onchain execution and returns value to the traders who create it. Learn more at birdai.xyz.

Media contact:  Birdai Labs • 415-539-5595 • 419566@email4pr.com

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SOURCE Birdai Labs

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New Jersey Launches Statewide BSFT Initiative to Strengthen Families and Prevent Out-of-Home Placement

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Partnering with Empower Community Care and its Brief Strategic Family Therapy program, New Jersey is delivering powerful, evidence-based therapy across all 21 counties through a statewide network of provider agencies.

ATLANTA, July 28, 2026 /PRNewswire/ — The New Jersey Department of Children and Families (NJ DCF) Division of Family and Community Partnerships (FCP), in partnership with Empower Community Care, a leading global behavioral health and education organization that delivers evidence-based programs and tools, has successfully launched its Brief Strategic Family Therapy (BSFT) program statewide. This family-centered prevention service is designed to strengthen family relationships, stabilize youth, and help families stay safely together. BSFT is one of several evidence-based models in Empower’s portfolio, and this rollout reflects its broader platform of training, consultation, and quality infrastructure Empower builds around each program it supports.

Supported through Family First Prevention Services Act (FFPSA) funding, the initiative expanded BSFT across all 21 counties through six regional programs and established a statewide structure for training, consultation, data collection, and continuous quality improvement, so families can receive effective help earlier and avoid out-of-home placement.

The launch was marked by strong planning, high provider satisfaction, and disciplined execution, resulting in universal geographic access to BSFT and a sustainable infrastructure for ongoing delivery. Provider feedback reinforced the success of the rollout, with a provider survey routinely citing exceptional training quality and clarity, preparedness to implement, and overall training experience.

For BSFT leaders, the New Jersey work stands out as a model rollout for other states. New Jersey’s consistent follow-through, detailed planning, strong communication, and willingness to build leadership with provider agencies while maintaining accountability ensured remarkable success for the state.

“What really stands out about New Jersey is the level of communication and coordination,” said Debra Miller, BSFT Associate Director at Empower Community Care. “The partnership was thoughtful, highly responsive, and focused on making sure provider agencies had what they needed to implement BSFT well. We are proud to support New Jersey’s commitment to families by expanding access to evidence-based care that strengthens family relationships, reduces stress at home, and helps keep families safely together.”

“New Jersey’s rollout is exactly the kind of partnership we aim to build with every state we work with,” added Kortney Dale, Executive Director of Evidence-Based Programs at Empower Community Care. “It’s not just about delivering one program well; it’s about giving states the infrastructure to sustain effective, evidence-based care at scale. This launch shows what’s possible when a state invests in both the clinical model and the systems behind it, and we see it as a model for how Empower partners with states across our full continuum of programs.”

New Jersey paired thoughtful support from NJ DCF with an evaluation team from the start, a clear implementation strategy, manualized procedures, launch supports, regular meetings with NJ DCF, consultation teams, and a commitment to continuous quality improvement. That balance of structure and flexibility became a defining feature of the partnership, allowing the state to manage a brand-new statewide implementation while adapting to provider and family needs.

BSFT is an evidence-based, trauma-informed family therapy program that helps families strengthen relationships, improve parenting structure, address youth behavioral health and family instability concerns, and reduce the risk of out-of-home placement. Early feedback from New Jersey indicates that families are communicating more effectively, experiencing less stress, restoring caregiver leadership in the home, and building stronger family cohesion with BSFT.

“At the heart of this work is a simple goal: making sure families can get meaningful help before challenges become crises,” said Sanford Starr, Assistant Commissioner of FCP at NJ DCF. “The successful rollout of BSFT reflects the commitment of our provider network, the support of Empower and the BSFT team, and a shared belief that families do better when they can access timely and effective services. We are proud of what this initiative is already making possible for children and families across New Jersey.”

With statewide infrastructure now in place, New Jersey is positioned to move from launch to long-term sustainability. The next phase is expected to focus on continued evaluation, on-site supervisor and trainer development, and maintaining the cross-system partnership that helped make the rollout successful.

For more information about support and services for children and families in New Jersey, visit the New Jersey Department of Children and Families at www.nj.gov/dcf/. To learn more about Brief Strategic Family Therapy (BSFT) and Empower’s continuum of evidence-based programs and solutions, visit us online at www.empowercommunitycare.com/bsft.

About Empower Community Care
Empower Community Care is a leading global behavioral health organization that delivers evidence-based programs, technologies, and tools to improve outcomes for youth, adults, families, and communities. Serving more than 2,000 agency and system customers, Empower works across all 50 U.S. states and over 35 countries, strengthening services for more than 3 million families worldwide and training over 23,000 professionals in evidence-based practices and growing. To learn more, visit EmpowerCommunityCare.com and follow Empower on LinkedIn.

Media Contact:

Caryn Tomer
VP, Marketing for Empower Community Care
618.579.9717
419677@email4pr.com 

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