Description
The report “Five Ways in Which the War in Ukraine Will Change Business” by The Economist Intelligence Unit (The EIU) explores the war’s impact on key global industries and the risks it poses to organizations.
While the war between Russia and Ukraine is primarily a humanitarian catastrophe, it will also accelerate changes already triggered by the pandemic, strained U.S.-China relations, and climate change.
Key themes of the report:
- The war will worsen supply chain disruptions in industries such as automotive, increasing pressure toward localization.
- A sharp rise in energy and commodity prices will accelerate public and private sector efforts to improve food security.
- Investments needed to reduce Europe’s dependence on Russian energy will affect funding for clean energy projects in developing countries.
- Financial sanctions against Russia may speed up the shift away from U.S. dollar-based financial systems toward interoperable central bank digital currencies (CBDCs).
- Geopolitical tensions in the tech sector (already central to the U.S.-China trade war) will intensify as Russia restricts internet access and faces technological sanctions.
