The state of European Supply Chains
How inflation, uncertainty, and the changing global economic and energy outlook will shape European supply chains
- Alex Hadwick, Reuters Events
- Volker Ruegheimer, Volkswagen
- Remo Illi, Sandoz Pharmaceutical
- Lisa Graham, JLL
Rising inflation and an uncertain economic and energy outlook are putting additional pressure on supply chains to control costs and manage inventories. The widespread impact on supply chains of global and regional geopolitical issues highlights a growing need to manage disruptions better.
The state of European supply chains 2023 white paper, conducted by Reuters Events Supply Chains in partnership with JLL, uncovers the main challenges supply chain managers expect to address in 2023 and how these will vary by industry sector.
Megatrends for EMEA supply chains in 2023
The fallout from the Russo-Ukrainian war is the defining issue for Europe’s supply chains in 2023, with decision-making being driven in response to its inflationary and disruptive effects.
Inflation is pushing organisations to focus on investing in more efficient core operations and reducing energy intensity along all aspects of their supply chains. However, there is reticence to scale down operations and significantly draw down inventories given the uncertainty.
Inflationary pressures will continue to work their way through supply chains in the first half of 2023. Still, weakening global demand for goods, cheaper shipping, and a less frenetic market for industrial space should provide some relief by H2 2023.
Download The state of European supply chains 2023 report to understand how supply chain executives are addressing the challenging landscape through real estate, inventory management, technology, and sustainability.