vilnius
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Justinas leads Euromonitor’s industrial research and provides thought leadership on industrial, mobility and commodity market trends.
Justinas advises clients across manufacturing, packaging, logistics, automotive, consulting and government sectors on key industrial and manufacturing technology trends. Prior to joining Euromonitor Justinas worked in the consulting sector, specialising in transportation and research and development fields.
Global inflationary pressures are forecast to moderate further in 2024. Under the baseline scenario, global inflation is forecast to stand at 5.4% in 2024 and trend down further to 3.6% in 2025. Lower energy prices, slower consumption growth and normalisation of manufactured goods prices are contributing to lower inflationary pressures.
This year’s commodity market outlook remains highly uncertain. As consumers and businesses continue to grapple with lingering cost pressures and high interest rates, subdued global economic activity is set to translate into softer commodity demand.
Global supply chains continue to face additional pressures in 2024 due to security crisis in the Red Sea. Global shipping companies and their clients avoid trade route via Suez Canal and instead are rerouting vessels round the Cape of Good Hope. This impacts around 11% of the global trade and poses the largest threat for the Asia-Europe shipping routes.