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Measurement and Effects of Supply Chain Bottlenecks Using Natural Language Processing

Published by Board of Governors of the Federal Reserve System | Board of Governors of the Federal Reserve System | Metadata Last Checked: January 24, 2026 | Last Modified: 2025-10-16
The Supply Chain Bottleneck Sentiment (SCB Sentiment) index measures supply chain bottlenecks by analyzing narratives from the Federal Reserve's Beige Books using machine learning and natural language processing techniques. The Beige Book summarizes the economic condition of each of the twelve Federal Reserve districts and aggregates narratives that are collected from business contacts.

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