- 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 

After a strong post-COVID economic rebound recorded in 2021, global growth is projected to decelerate markedly in 2022, amid lingering supply disruptions, diminishing fiscal support and worsening pandemic dynamics. 

- SECTOR IMPACT: BEVERAGES -

Latest update: 19 January

Sentiment around the latest set of quarterly filings from FMCG companies remains largely positive after overcoming the worst of the pandemic.

Beverages Sector Impact 

Latest update: 19 January

Alcoholic beverages


The wider alcohol category is expected to recover to its pre-pandemic value this year, driven by the anticipated growth of spirits, followed by wine and beer & cider. However, consumers will likely remain cautious with both their social interactions and spend, particularly as the new Omicron variant forces some nations back into lockdowns. 


Non-alcoholic beverages


Hot coffee and hot tea are anticipated to see the most value percentage growth this year as more indoor, sedentary lifestyles have been established amid the pandemic. Flavoured water will see the most growth following the pair, as consumers continue to prioritise ‘healthier’ beverages.

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