{"id":62638,"date":"2022-05-23T11:59:53","date_gmt":"2022-05-23T09:59:53","guid":{"rendered":"https:\/\/packaging-journal.de\/?p=62638"},"modified":"2022-05-23T11:59:53","modified_gmt":"2022-05-23T09:59:53","slug":"accenture-study-reinventing-supply-chains","status":"publish","type":"post","link":"https:\/\/packaging-journal.de\/en\/accenture-studie-lieferketten-neu-erfinden\/","title":{"rendered":"Accenture study: Reinventing supply chains"},"content":{"rendered":"
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The challenges in supply chains resulting from the Covid-19 pandemic and Russia's attack on Ukraine could cost European economies around \u20ac920 billion of their gross domestic product (GDP) by 2023. This is according to a recent study by the consulting firm Accenture.<\/strong> <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The report published at the annual meeting of the World Economic Forum in Davos Study<\/a> analyses three possible scenarios for how the war could develop in the coming year, and models the impact of each scenario on the eurozone<\/strong> in terms of costs and the time frame for recovery.<\/p>

According to the study, supply chain disruptions related to Covid-19 cost the eurozone economies around 112.7 billion euros in lost GDP in 2021. Even before the war, material shortages, disruptions in logistics and inflationary pressure undermined the economic recovery in Europe<\/strong>, The resurgence in demand and the precautionary hoarding of products overstretched supply chains.<\/p>

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Russia's invasion of Ukraine has exacerbated the situation. For example, the shortage of semiconductors, which was expected to ease in the second half of 2022, is now expected to last into 2023. A protracted war could to a further loss of up to 318 billion euros in 2022<\/strong> and 602 billion euros in 2023, while inflation could be as high as 7.8 per cent in 2022 before falling in 2023.<\/p>

\u201eAlthough experts agree that Europe will avoid a recession this year, the combination of Covid-19 and the war in Ukraine has the potential to significantly impact the European economy and cause a substantial slowdown in growth. While some normalisation of supply chains was expected in the second half of 2022 before the war, we now do not expect it before 2023, maybe not even before 2024, depending on how the war develops.\u201c<\/p>

Jean-Marc Ollagnier<\/strong>CEO of Accenture<\/a> in Europe.\u00a0<\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Reinventing supply chains in a new economic order<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Solving supply chain problems will be crucial for Europe's competitiveness and growth. According to the study up to 30 per cent of total value added in the eurozone depends on functioning cross-border supply chains<\/strong>, either for material procurement or as a destination for production.<\/p>