Ukrainian Management Consulting market in the FEACO report

CMC-Ukraine became a member of the European Federation of Management Consultancies Associations (FEACO). Consequently, the description of the Ukrainian sector was included in the Federation’s final report on the survey for the European Management Consultancy market in 2021-2022.

“It is my pleasure to announce that Ukrainian Association of Management Consultants (CMC-Ukraine) has become member of feaco and that this report includes also a description of the Management Consulting industry in Ukraine, showing how – even in the middle of the war – companies and administrations are concerned with optimizing their resources under a challenging situation,»– Matthias Loebich, Chairman of the FEACO, pointed out in the introduction of the document.

In this report, apart from the main European trends, macroeconomic overview and key data on the Management Consulting industry in Ukraine are introduced, as well as the information on the work of CMC-Ukraine during the wartime.

It is about the fact that, according to World Bank, “Russian invasion in Ukraine continues to inflict substantial economic and social losses due to extensive damages to productive assets and infrastructure, limited market access, and labour force dislocations…”

Ukraine’s needs for recovery and reconstruction are massive and growing with each day of the conflict. The international community’s financial support to Ukraine has been essential to making sure that the Ukrainian people continue to receive basic services.

For 2023, the EBRD has lowered its forecast of Ukrainian economic recovery to eight per cent from the more robust 25 per cent foreseen in May, when the expectation was that substantial recovery work would already be underway. The reduced forecast is a sign of how heavily uncertainty over the shape of the future is weighing on Ukraine’s economic prospects.

Ukraine’s economy, which had grown by 3.4 per cent in the wake of the Covid-19 pandemic in 2021, has been functioning under the war conditions since the Russian invasion on 24 February 2022. While economic activity has been severely disrupted by supply bottlenecks, logistical challenges, financial difficulties and shortages of adequate labour, the Ukrainian economy has not been destroyed and it is still working. Many Ukrainian companies have maintained the production capacity of the previous year.

In 2022, after having had a historical growth around 7% per year, Management Consulting, like all other industries, is facing difficulties because of the war. The difficulties are felt in terms of client demand (due to disruptions and solvency problems that many clients have and a significant outflow of professionals). There is a huge potential for the Management Consulting market and projects in Ukraine after the end of the war and with start of the Re-build Ukraine Programme. Resilience Strategy, Process and Efficiency consulting seem to be the most needed in the next years.

Thanks to the professionalism, active representation of the strengths of business in Ukraine and international partners’ confidence in Olga Trofymova – the President of the Association, Management Consultants of the CMC-Ukraine community are working on improving the experience acquired since the Russian invasion.

Considerable work of the CMC-Ukraine community and its leader has gained recognition of the strongest organization in Europe.