![[BEST OF 2022] The War in Ukraine and its Industrial Consequences](/wp-content/uploads/sites/3/iStock-1437836660.jpg)
What are the cutting-edge innovations that have made an impact in the industrial world this year? What was the major news not to be missed? This winter, we offer you the opportunity to relive the year 2022 from an industrial perspective. In this article, we focus on the industrial consequences of the war in Ukraine.
On February 24, 2022, Russia entered Ukraine. At the beginning of 2022, COVID-19 is still making the news. It is still the case currently, at the time of writing this. Indeed, the number of cases is increasing everywhere in the world.
We selected three stories that we published in 2022 that highlight the consequences of the war in Ukraine on several industrial sectors.
01/ The Consequences on Global Industry
March 15, 2022
The war is having consequences on global industries as diverse as food, aerospace, automotive, and electronics. Fragile and sensitive supply chains are facing new challenges as the damaging conflict intensifies. 10 months after the beginning of this war, the situation is still extremely difficult and challenging.
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02/ The Consequences on the Aviation Industry and Aeronautics Sector
April 22, 2022
As Russia continues its war on Ukraine, its effects on the aviation industry are growing. New air routes, aircraft deliveries to Russia halted, and pressure on Russian titanium supplies are among the consequences of the war in Ukraine on the aeronautics sector.
Russia supplies nearly half of the world’s titanium and is a direct provider for companies such as Boeing, Airbus, and Safran. This is a key area of concern for the sector. Quickly after the war started, Boeing announced it was breaking its deal with the Russian group and would not be using any Russian titanium in the future.
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03/ The Consequences on the Energy Sector
March 28, 2022
With the war in Ukraine and the rise of fossil fuel prices, the feasibility of green hydrogen as an affordable and secure source of renewable energy in Europe is growing. Research firm Rystad Energy predicts that green hydrogen production, which was already expected to take off in 2022 globally and pass the 1 GW milestone could be “turbocharged”.
While up until recently blue hydrogen and gray hydrogen were the most economically advantageous, the current global rise in gas prices could make green hydrogen cheaper to produce than low-carbon hydrogen.
