The COVID-19 pandemic and Russia-Ukraine war profoundly reorganised global structures and relationships in 2022, and will continue to drive additional uncertainty this year, according to analyst S&P Global Market Intelligence.
The pandemic, climate change and geopolitics are driving global manufacturing executives to focus even more than before on a twin transformation; smart digitisation and a focus on environmental, social and governance (ESG) goals, according to analyst KPMG.
The National Association of Manufacturers in the U.S. released its Manufacturers’ Outlook Survey for the fourth quarter of 2021, showing that manufacturers remain mostly optimistic in their economic outlook (86.8%, down from 87.5% in Q3) but are significantly concerned with issues such as inflation, hiring and potential tax increases targeting manufacturers.
The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, states and regions doubling in the past year. Decarbonising supply chains is a major opportunity for companies to put these commitments into practice.
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