General

COVID-19 could wipe off 13–30 MMT of LNG demand in 2020. The industry is battling depressed downstream demand, low prices, high storage levels, and increased concerns over the viability of projects and supply cuts.

The global market has been heavily impacted due to the COVID-19 pandemic, disrupting M&A trends across sectors. The announced global M&A deal volume reduced 34% on a YoY basis to $780 billion as of April 23, 2020 and is most likely to continue declining through the second quarter.

Inflow of customers drives the Hotel industry. Decline in inflow due to postponement or cancellation of corporate travel – meetings, incentives, conferences, and exhibitions (MICE) – due to Covid-19 have significantly reduced occupancy levels.

Economic recession inevitable in 2020, but quick rebound expected in 2021. Global copper demand to decline 1.7%, USD/CLP increased 19.2% since social unrest.

Amid a global crisis of unprecedented scale, professional advice, expertise, and active support are more critical than ever for business leaders across the globe. The COVID-19 pandemic not only ends an uninterrupted bull run since the global financial crisis of 2007–08, but also stress-tests business models, global supply chains, and the war chests of companies globally.

Global economy is grappled with a severe demand shock, as more than 100 countries closed their borders in the past month. According to the UN Department of Economic and Social Affairs, Global economy could shrink by up to 1% in 2020 due to Covid-19.

Does one ‘digitalization’ strategy apply to all business functions alike? To find out how to make non-core digitalization a success, read our Insights article.

We asked 260 procurement professionals, in 14 industries worldwide, about the problems and priorities they face. Our findings, summarized in this exclusive survey report, feature the four key trends shaping the procurement landscape today.