In 2023, global economies will continue to face multiple macroeconomic headwinds, including geopolitical uncertainties, inflation and tightened financial conditions. Global economic growth is expected to further slow, while cities will witness subdued consumer spending growth.
Global disruptions caused by the war in Ukraine, soaring energy prices and the pandemic have brought new challenges for businesses, but also new opportunities. While post-pandemic economic growth diminished unemployment, with increasing numbers of job vacancies, the labour market has tightened in many advanced economies, with companies battling for skilled employees.
Food crisis is brewing in 2022, with wheat supply and pricing playing a major role in it. Soaring agricultural input prices, increasingly unpredictable weather conditions during harvests and the war in Ukraine are all pushing up the key commodity price and in turn leading to inflation across most staple foods.
Digitally minded consumers are forcing financial institutions to rethink the way they do business. These consumers want to bank when and how it suits them. Financial institutions must innovate quickly to keep up with consumer demands and to respond to challenges from non-traditional competitors.
This year we are proud to celebrate Euromonitor International’s half centenary. From humble beginnings as a London based market research publisher in 1972 we have grown into a global market intelligence business.
COVID-19 pandemic has accelerated changes in employees’ work preferences and employers’ attitudes towards remote working. While during strict quarantines companies were forced to enter remote working, many are planning to retain teleworking options for their employees, expand investments into communications and IT solutions facilitating successful remote and hybrid work models.
How do brands disrupt a market? This episode of Market Research Minute goes through what it means to disrupt, which brands can disrupt and how brands within insurgent, local and multi-national groups create change.
Two years into the pandemic, and businesses entering 2022 are having to face ongoing uncertainties and risks. Although the global economy saw a strong rebound in 2021, supported by vaccination campaigns and stimulus spending, the pandemic’s effects still linger. Euromonitor International has identified three key challenges: Omicron, supply chain bottlenecks and inflation.