Photo: Shipping containers on the CSCL Arctic Ocean container ship, operated by China Ocean Shipping Group Co., at the Port of Felixstowe, in Felixstowe, U.K., on January 13, 2023. Shipping containers on the CSCL Arctic Ocean container ship, operated by China Ocean Shipping Group Co., at the Port of Felixstowe, in Felixstowe, U.K., on January 13, 2023.

Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after Covid-19 was declared a pandemic.

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