- ECONOMIC IMPACT -

Latest update: 19 January

COVID-19 has forced many businesses to bring forward their digital transformation plans and there has been a boom in the adoption of technologies such as cloud computing and collaboration tools.

Stretched supply chains, rising price inflation and the threat of Omicron stymied growth in both manufacturing and service sectors in the fourth quarter of 2021.

4.5%

Positive GDP growth is forecast in all countries; 2022 consensus forecast for global GDP growth is currently 4.5%

30%

In a GlobalData survey of 4,860 employed people worldwide, only three in ten said they would prefer to visit their office daily once the pandemic has ended

A V-shaped recovery is expected in most G20 markets this year, while the G7 economies will see their bounceback rates vary as 2021 draws to a close

- PACKAGING SECTOR IMPACT -

Latest update: 19 January

Shelf-stable food and household care packaging continue to be in high demand, while paper & board is expected to experience the greatest volume growth this year.

Manufacturers should continue to develop hygienic packaging formats as well as packaging optimized for the growing e-commerce channel.

Packaging sub-sector impact