Recent Release | 26 May 2022
From disruption to reinvention: The future of supply chains in Europe
Macro Consulting Team
Oxford Economics
Published at the World Economic Forum’s Annual Meeting in Davos, this report explores three possible scenarios for how the Ukraine war could play out over the coming year, modelling the impact of each scenario on the Eurozone economy.
Before the war, the lack of material supplies, breakdowns in logistics and inflationary pressures were already undermining the economic rebound in Europe, with resurging demand and precautionary hoarding overwhelming supply chains.
Russia’s invasion of Ukraine has aggravated the situation. While before the war some kind of supply chain normalisation was expected in the second half of 2022, we now don’t expect this to happen before 2023, perhaps not even until 2024, depending on how the war evolves.
This report also highlights two more profound and longer-term challenges resulting from the pandemic and the war:
- Energy security, as European economies need to address their heavy reliance on oil and gas supplies while accelerating their net-zero agenda
- Talent mismatches as a result of ageing populations, evolving employee expectations, and changes in demand for skills
About the team
Our macro consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Lloyd Barton
Head of Thematic Macro Consulting
+44 (0) 1865 26 8927
Lloyd Barton
Head of Thematic Macro Consulting
Oxford, United Kingdom
]Lloyd Barton is Head of Thematic Macro Consulting at Oxford Economics, leading bespoke client research into long-term trends in the global economy and financial markets. His areas of specialism include macro forecasting & scenario analysis, global trade, banking & capital markets, real estate, and commercial advisory for infrastructure transactions. Lloyd holds degrees in Economics from the Universities of Cambridge and Warwick.
Padmasai Varanasi
Senior Economist, EMEA Macro Consulting
+44 (0)186 526 8922
Padmasai Varanasi
Senior Economist, EMEA Macro Consulting
Oxford, United Kingdom
Padmasai is an Economist within the EMEA Macro Consulting team, based in the Oxford office. Since joining Oxford Economics in July 2019, she has contributed to a range of projects with a focus on economic forecasting, international trade and issues relating to the financial sector. She is also the country economist responsible for Pakistan.
Before joining Oxford Economics, Padmasai worked as an Economist in the Research and Public Policy division at the World Federation of Exchanges in London where she undertook research on global stock and derivatives exchanges and the wider economy.
She holds an MSc in Economics from University College London (UCL) and has also passed the CFA Level 1 exam.
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