Some of our clients
Airbus, BAE Systems, Boeing, British National Space Centre, European Space Agency, Finmeccanica, Rolls-Royce, Snecma, GE, PTC, Finmeccanica, Air Products, Akzo Nobel, Huntsman, Alcoa, John Crane Company, Mittal Steel, Owens Corning, Navistar, Tata Steel, ThyssenKrupp, Parker Hannifin, Hypertherm.
The rapid globalisation of industry and the expansion of manufacturing has been a key driver of economic growth in recent decades, enabled by changes in geopolitical relations, technological advances, trade agreements, infrastructure investment, and the development of global supply chains.
As a result, industrial manufacturing firms are faced with an increasingly challenging, interlinked, and fast-changing marketplace. Global uncertainty and complex macroeconomic and geopolitical challenges such as resource availability, competition for FDI, energy costs and supply, policy and regulation, and the availability of talent, make it difficult to monitor and predict macro trends, risks, and opportunities across countries, industries, and urban areas. More than ever, companies need access to advanced quantitative tools, deeper forecast data, and more timely insights that will help them track external macro factors and assess their future impacts on strategy and investments.
Oxford Economics has developed a range of services and techniques for analysing global macro trends for industrial manufacturers:
- Global Macro Service. Within a single workstation, we provide event-driven analysis, insights on key data releases, and direct contact with our team of 150 economists, alongside a deep portfolio of research tools to assess the impact of macro events across more than 200 countries on your business strategy.
- Long-term forecasts and analysis of trends for key sectors in the world’s major economies. Our industry services provide reliable analysis of macroeconomic and sector trends that will affect key industries around the world. Reports, databanks, and models help clients analyse historical and forecast data, gain insights into the impact of economic developments, and anticipate industry trends and performance under alternative scenarios.
- City and Regional forecasting for 3,000 urban centres across all major world regions. The most complete set of cities forecasts available, the services cover Africa, Asia, Europe, Latin America, the Middle East, and North America, with deep-dive databanks for China and the United Kingdom. Analysis and forecasts are produced in conjunction with our Global Economic Model, which ensures that developments in the global economy, such as the strength of world trade and investment cycles, and domestic factors such as government policy, have a direct influence on the outlook for city and regional economies.
- Monthly forecasts of commodity prices and future markets trends and prices for raw materials such as energy, base metals, precious metals and other industrial inputs.
- Global scenarios, with quarterly-updated upside and downside scenarios to assess their impact on 45 countries, trade blocs, and the global economy.
Examples of research projects
- The economic impact of Finmeccanica, one of the world’s top defense groups, to the economies of the UK and Italy. An assessment of the contribution Finmeccanica makes to GDP, the number of people it employs, and the amount of tax receipts it supports in the two countries.
- Making the Future for Rolls-Royce. We provided the economic analysis and modelling for a report examining what makes a high-value business in today’s market. The report illustrates career opportunities that are available to students with science, technology, engineering or mathematics skills, and looks at the economic value at national and local levels.
- Achieving competitive advantage in a changing global marketplace for PTC. Based on a survey of 300 global executives, and analytical models that show the ROI on manufacturing practices, this programme shows that manufacturing competitiveness hinges on not just “making things better” by improving production, but also “making better things”—by innovating to meet new customer needs and moving to a service-oriented business model.
- The economic impact of BAE Systems to the UK economy. A report that shows the major contributions BAE Systems makes to GDP, taxes, investment, R&D and skills, analysing the company’s direct and indirect impacts as well as catalytic impacts on the national economy.
- Demonstrating the economic impact of Icelandic ash clouds for Airbus. The report showed the effects of the travel restrictions following the eruption of the Eyjafjallajokull volcano. The closure of large portions of European air space disrupted global travel, trade and business—demonstrating the integral role air transport plays in the basic functions of society and commerce.
- Oxford Economics partners with LMC Automotive to assess the impact of a range of plausible shocks to the global macroeconomic landscape, and the resulting effects on Light Vehicle sales and production over the coming years. The service provides a means for decision makers within the automotive industry to remain well informed of potential risks in the face of a constantly changing global economy.
- For members of the Association for Manufacturing Technology, we produce a semi-annual Global Machine Tools Forecast. A benefit for association members, this report contains a multi-year outlook for machine tool market demand in more than 30 countries. In addition, it provides a summary of the projected growth in major machine tool consuming industries against a backdrop of analysis on global macroeconomic conditions.
- The evolution of material intensity and implications for the outlook for glass fibre for Owens Corning. For this project we studied the evolution of material intensity in manufacturing across key developed and emerging-market economies. As part of the analysis, detailed case studies were undertaken for the steel, aluminum and concrete sectors drawing on anecdotal evidence and sophisticated econometrics to understand how the intensity of material use changes with economic development and technical progress. By identifying similarities in trends across different materials, we could assess the implications for the glass-fibre market and develop long-term demand projections for glass fibre.
Find out more
To find out more, including how we can adapt our economic modelling, forecasts, monitoring, or scenarios to meet the needs of your organisation or sector, please contact your nearest Oxford Economics office.