02/02/23
Several events, not least a major war on the European continent and the return of inflation, characterised the past year across most of Europe, the Middle East and Africa. This has led to major price movements of some critical input costs to our industry. As you will see in the foreign exchange and commodity price pages, the start and end prices for the year are quite close. However, that observation does not do any justice to the in-year volatility. Also, despite energy prices returning to levels close to 2021, inflation is clearly expected to stay at historically high levels for quite some time. M&A activity has also remained high in # of reported deals, with around 850 deals in both 2021 and 2022. However, combined deal value is 33 per cent lower.
Read more in the January edition of our monthly newsletter.