Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential €920 billion cumulative loss to gross domestic product (GDP) across the Eurozone by 2023, according to a report released by Accenture. The potential loss equates to 7.7% of the Eurozone GDP in 2023.
Published at the World Economic Forum’s Annual Meeting in Davos, the report, “From Disruption to Reinvention – The future of supply chains in Europe,” explores three possible scenarios for how the war could play out over the coming year, modelling the impact of each scenario on the Eurozone region in terms of costs and timelines for recovery. Download the full report here.
