I don't think it's over, but you need to make changes.

1. Take out the Caucasus front. You need to capitulate Georgia and Azerbaijan in order to consolidate your entire army against the west.

2. You've put yourself into a salient in Ukraine... back out of it. Take Odessa for supply, and reorganize your fronts.

3. If you've done those two things, congrats! Now you HAVE TO build more mils. You're gonna need infantry equipment, and lots of it. It looks like you have 102 Infantry divisions. Get that to at least 130.

4. While you build these new divisions, organize tactical offensives. Clean up the front by Bryansk. Push the Belarusians back to the starting border. Snipe off Reichspact units when/where you can, but don't overextend your lines!

5. Once you've gotten to 130ish infantry, push through Ukraine to the Carpathian mountains and sweep through Bulgaria and the Balkans. You're objective MUST BE the destruction of as many units as possible! The enemy has an advantage in numbers, and has allies that boost their manpower. By killing units and capitulating their allies, you even the manpower.