vilnius
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Justinas leads Euromonitor’s industrial research and provides thought leadership on industrial, mobility and commodity market trends.
Justinas advises clients across manufacturing, packaging, logistics, automotive, consulting and government sectors on key industrial and manufacturing technology trends. Prior to joining Euromonitor Justinas worked in the consulting sector, specialising in transportation and research and development fields.
The US ports strike impacts international shipments and may have significant effects on the US economy. Prolonged disruptions risk causing significant shipment and supply delays for US manufacturers and increase logistics costs. Retailers and consumers, meanwhile, face potential supply disruptions during the busy shopping season, which could cause higher inflationary effects in Q4 2024.
An improving supply outlook and muted demand have eased pressures in the commodity markets. In 2024, weaker manufacturing activity in key markets is set to limit price growth for energy and metals, while robust crop forecasts should curb agrifood price increases.
Growing political and economic tensions are leading to supply chain diversification efforts, with new regional trade hubs emerging in Asia, Europe and the Americas. However, it remains unclear if new manufacturing hubs can fully replace China in global supply chains due to China's dominance in the hi-tech goods sector and underdeveloped supporting industries in other countries.