Listen to Euromonitor's Industrial Manager, Justinas Liuimia, discuss four short term risks to global supply chains.
Both Russia and Ukraine are important suppliers of commodities, agricultural goods and manufactured goods to the global economy. Russia’s invasion of Ukraine and economic sanctions will have a negative impact on supply chains and are likely to impact a wide array of industries, ranging from food products to hi-tech goods. In addition, the invasion adds more pressure to global logistics and the transportation network.
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.
Euromonitor International’s latest report Economies in 2022 highlights some key trends from economy, industrial, cities, business dynamics and sustainability perspectives for businesses to consider in 2022.
Global manufacturing output has recovered from the initial shock of the Coronarvirus pandemic, although supply chain disruption and rising prices continue to weigh on companies. Moreover, transportation problems are expected to extend well into 2022. To avoid future risks, manufacturers are investing in digital tools.
Outbreak of COVID-19 has left long-lasting impacts on global manufacturing and supply chain sectors. According to our survey results, around 30% of companies are planning to implement supply chain resiliency and risk mitigation solutions. Another result indicates that around 50% of…
VILNIUS, LT – Around 30% of manufacturing companies plan to increase production localisation efforts over the next 6 months to better shield from future risks, according to global market research company Euromonitor International. The production…
Manufacturing businesses around the globe face numerous challenges arising from the Coronavirus pandemic. Disrupted supply chains, social distancing measures, production capacity issues and economic uncertainty are the key challenges that can be…