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 ongoing cost-of-living crisis is expected to impact consumer demand in 2024. To counter this, companies can focus on B2B sales channels, particularly in the offices and healthcare sectors, which are forecast to maintain steady revenue growth.
Rising geopolitical tensions and economic multipolarity are adding to trade restrictions, shifting the flows of global trade and investment, and hindering economic growth. Against the backdrop of this new global reality, over the long term, companies and countries will continue to follow a globalisation reset strategy, with economic diversification and supply chain security being the key priorities.
Global inflationary pressures are forecast to moderate further in 2024. Under the baseline scenario, global inflation is forecast to stand at 5.4% in 2024 and trend down further to 3.6% in 2025. Lower energy prices, slower consumption growth and normalisation of manufactured goods prices are contributing to lower inflationary pressures.