Goldman Sachs are optimistic the worst is over for supply chain logjams

Goldman Sachs analysts say they see reasons for optimism regarding the resolution of supply chain bottlenecks

• Shipping rates have generally declined from September's peak
• A number of companies have recently indicated optimism
• According to GXO Logistics, 'we're through the worst of it.'

GS are not the only analysts to see improvement ahead:

• JP Morgan see signs global production bottlenecks may have begun to ease

Also from Friday, comments from ANZ with a glimmer of encouragement on lower shipping rates:

• New Zealand - ANZ Commodity Price index for October +2.1% m/m (prior +1.5%)

And from me adding on to ANZ remarks:

• Further to this, the Baltic Dry is lower again