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Jabil's Global Category Intelligence Archive
Global Category Intelligence
Q2 2023
Jabil's Global Category Intelligence Archive
Global Category Intelligence
Q2 2023
Executive Summary
Q2 2023
Welcome to the Q2 edition of our Global Category Intelligence Report.
The global economy is forecast to slow in 2023, edging close to recession as organizations navigate tumultuous economic conditions. The war in Ukraine, the ramifications of the pandemic, and the difficult balance between tackling inflationary pressures and ensuring economic stability – particularly considering the recent banking challenges– continue to drive supply chain uncertainty.
Global real GDP growth is expected to drop and although inflation is anticipated to fall also, it will remain significantly above long-term trends and monetary policy targets. Businesses and consumers will continue to experience price pressures combined with the increasingly restrictive impact of rising interest rates on economic activity.
Despite the obvious and well-documented challenges, our latest report outlines the various positive signals and valuable opportunities that exist in the market.
The US labor market has proven resilient despite rising interest rates, while Europe avoided an acute energy crisis as mild temperatures lowered demand. China also reopened its borders to tourists following the conclusion of its zero-Covid policy and, in the UK, the Office of Budget Responsibility anticipates that the country will avoid economic recession this year, despite previous forecasts.
Our latest report explores the macroeconomic challenges driving supply chain uncertainties in depth, whilst offering our recommendations on the best strategies to mitigate the associated risks. We also outline the challenges and opportunities that exist in the global logistics market as our category experts highlight the various shifts across the air, ocean, and ground transportation modes.
With our extensive knowledge and deep connection to the markets we trade in daily, we are confident that we can provide useful insights to our partnerships network and enable them to make well-informed decisions.
I hope you enjoy our latest publication and, if you have any questions about the content of the report, please either get in touch directly or email our Market Intelligence Research Manager, Josh Wilson.
Yours sincerely,
Tony Lyons
Vice President, Global Procurement
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