Global Key themes 2022: Supply chains to begin normalising
Industrial production will lag services growth globally going into 2022 as supply-chain pressures continue to bite and the post-pandemic recovery in household spending on services continues apace – with the Omicron variant a significant near-term downside risk.
The recovery in global industrial production will gain considerable momentum later in the year as component shortages and cost pressures ease, and will once again lead growth into the medium-term.
What you will learn:
- The double dip recession in the global automotive industry has entered the recovery stage, but lingering semiconductor shortages and supply chain disruptions means the recovery will be gradual, particularly in Europe.
- Shipping disruptions are expected to ease over the course of the year. As labour supply problems throughout logistics supply chains abate and shortages in warehousing space are addressed, seaborne freight looks set to recover in H2 2022.
- High-tech manufacturing will continue to lead growth in both advanced and emerging economies, as industries move towards greater digitalisation and automation.
Tags:
Related Services

Post
Firms must brace for higher ‘new normal’ construction material prices
New research by Oxford Economics suggests that construction materials prices have shifted permanently higher due to the shocks of the past couple of years. Project managers and investors should anticipate costs being at least 15-20% higher in 2024 and onwards than in 2021.
Find Out More
Post
New Activity Trackers suggest momentum is waning
After a choppy first quarter of GDP data, our novel Activity Trackers (which incorporate proprietary daily sentiment data from Penta) suggest that economic momentum in EM Asia is on a softer trend in Q2 (at least outside of China) supporting our view of easing underlying inflationary pressures and diminishing appetite for further rate hikes.
Find Out More