On the left, the line represents the Baltic Dry Index, which is an indicator of shipping costs for raw materials such as coal, grains and iron ore. Its trend typically reflects demand for raw materials and commodities, as well as the broader status of the shipping industry. Sustained high prices could lead to a pick-up in investment on new ships, which would increase supply and drive prices down.
On the right, we have the manufacturing Purchasing Managers' Index delivery time sub-component for both developed economies and emerging markets. Longer delivery time could be a signal of strong demand, or disruptions in supply chains. This would also raise the cost of doing business given just-in-time supply chains requiring a precise delivery time in order for production to proceed as planned.