2022 industry outlook

EIU has today released the 11th edition of its annual market trends report, Industries in 2022.

The annual industry report forecasts growth and assesses key opportunities and challenges for seven business sectors: automotive; consumer goods and retail; energy; financial services; healthcare and pharmaceuticals; technology and telecoms; and tourism.

Key findings and industry trends from the report include:

• EIU expects the automotive and retail industries to continue recovering at a global level in 2022, taking demand back to 2019 levels. The tourism industry will fail to see a similar recovery, despite the reopening of borders.

• The technology industry and politics will continue to be interlinked. The semiconductor shortage will persist, making onshoring of chip production a strategic priority for countries.

• Supply-chain blockages will push up prices and interest rates. This will boost prospects for many firms across the financial industry in 2022, provided bad loans remain at manageable levels. 

• Many companies in the energy industry will need to undertake an urgent review of their strategies in 2022, as governments and investors ramp up pressure to cut emissions.

• Vaccinating the world against Covid-19 (coronavirus) will remain a core priority for the healthcare industry. However, healthcare systems will struggle to tackle a backlog of non-coronavirus care.

The world will start to get back to near-normal during 2022, at least in developed countries. However, the pandemic will have lingering effects on both supply and demand, as well as prices. Governments have become more assertive, introducing taxes and regulations that will force many companies to rethink their strategy. The growing climate-change crisis will also seriously start to affect the way that companies do business, and the financing they can attract.

ANA NICHOLLS, DIRECTOR OF INDUSTRY OPERATIONS AT EIU

For detailed insights into what 2022 holds for your sector, download the free “Industries in 2022” market outlook report and contact The EIU today.