The German economy's need for transformation continues to ensure full order books 📖 🌐 Global players in consulting are growing in single digits - driven by less dynamic development in the USA and Asia. 📈 The Federal Association of German Management Consultancies (BDU) are still forecasting growth of 7.2%.
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Senior Account Executive DACH at Rimini Street - Trusted Partner * Strategic Advisor * Possibility Thinker
The mood in the SME sector in GER is worse than it has been since the financial crisis 15 years ago. The corresponding business climate index for assessing the economic situation fell to minus 1.4 points in the spring, according to a survey of around 1,250 small and medium-sized companies published on Tuesday by Creditreform Wirtschaftsforschung. This is the first time since spring 2009 that the sector has recorded a predominantly negative mood.
Geschäftsklimaindex: Umfrage – Stimmung im Mittelstand schlecht wie seit Finanzkrise nicht mehr
msn.com
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📢 Exciting News: Our latest economic report on the US economy is now available! Explore comprehensive insights and a detailed analysis of the latest developments in the #USeconomy relevant to Austrian companies. Dive into the figures, trends, and analyses that illuminate the rise of the USA as a crucial market for #austrianexports. Don't miss out—discover all the details on our dedicated webpage: https://lnkd.in/gQRHGY4e 👉 Download the latest version of the report here (only available in German language): https://lnkd.in/g-4qXV8q #USAWirtschaftsbericht #USMarketInsights #USEconomicReport Peter Hasslacher Lukas Zitz ADVANTAGE AUSTRIA Mariella Marx Eliot Leadem Victoria Liedl Verena Erhart Katrin M. Ivonne Carpio Anke Ray
USA: Wirtschaftslage
wko.at
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The BDI - Bundesverband der Deutschen Industrie e.V. Day of Industry (#TagderIndustrie) in Berlin highlighted key concerns about Germany's location policy. Industry leaders stressed the urgent need for a more supportive environment for businesses to thrive in a rapidly evolving global landscape. BDI President Siegfried Russwurm rightly said: "We need a policy that not only removes obstacles for our companies, but also builds bridges to be globally successful". It's vital for Germany, Europe and all global citizens that the elected politicians finally create and implement strategies that help enhance our infrastructure, reduce bureaucracy, and foster innovation. Together, we also need to ensure that Germany remains a leader in industrial excellence and does not get stifled further by overregulation and political as well as trade barriers. #TagderIndustrie #BDI #Innovation #Standortpolitik ©Imago/Frank Ossenbring ©BDI
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Wirtschaftstag 2024: Key Discussions and Insights LFT proudly participated in the Economy Day / Wirtschaftstag 2024, organized by the Wirtschaftsrat der CDU e.V., on June 11-12. The event marked 75 years of the German Constitution and Social Market Economy, as well as over 30 years of the European Single Market. With a focus on the future economic and competitive strength of Europe, it was a platform for high-level discussions between political and business leaders, including notable figures like Friedrich Merz, CDU/CSU-Bundestagsfraktions-Chef, and Dr. Marco Buschmann, Federal Minister of Justice. Christian Meyer and Melanie Luongo represented LFT at the event, where the tense economic situation in Germany was a major topic of discussion. LFT had the opportunity to engage in conversations addressing the current challenges in the automotive sector. These discussions underscored the need for strong economic policies and the right framework conditions to drive innovation and growth. We extend our gratitude to the Wirtschaftsrat der CDU e.V. for organizing this impactful event and look forward to continuing these important dialogues. #Wirtschaftstag2024 #SocialMarketEconomy #EconomicFuture #AutomotiveIndustry #EUCompetitiveness #LFT
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Connecting customer needs, brand offerings and global trends through insight, teamwork and storytelling (views my own)
The annual Business Confidence Survey (BCS) provides in-depth insights into German business sentiment in China. The 2023/2024 BCS draws on the experiences of over 500 German companies from 19 different industries. #chinabusiness #germany #marketresearchreport
👀Exciting news for German companies operating in China! The results of our latest Business Confidence Survey 2023/24 have just been released. 📊The survey shows that German companies operating in China face a range of challenges, including increased competition from local companies, unequal market access, economic headwinds and geopolitical risks. 📣Amid the emergence of strong Chinese competitors, the German Chamber of Commerce in China calls on Chinese policymakers to create a true level playing field for foreign businesses by implementing measures that promote fair competition and strengthen investor confidence. Key findings: 📈🌟Growth optimism amidst market slump: While 83% believe China’s economy is currently facing a downward trajectory, 64% view this as a temporary economic slowdown and predict a bounce back within the next 1-3 years. 42% of German companies expect a positive industry development in 2024, compared to only 21% in 2023. Furthermore, 78% expect consistent growth over the next five years. 💰💼 Competition triggers investments despite decreased overall attractiveness: Although 54% of companies believe that China's investment appeal is declining in comparison to other markets, an equal percentage are planning to increase their investments in the country over the next two years. 79% say that continued investments are necessary to remain competitive in China. Furthermore, 37% believe China’s attractiveness as an innovation market is increasing compared to other markets. 46% are planning to cooperate with local partners to stay competitive. 👨💻 🚗China’s innovators challenge German companies: 5% of survey respondents currently regard Chinese companies as innovation leaders in their industry, but 46% foresee them becoming leaders within the next 5 years. In the automotive sector, 11% of companies view Chinese competitors as innovation leaders, with 58% expecting them to take on that role over the next 5 years. 📜📈Regulatory challenges undermine competitiveness: 32% of respondents consider legal uncertainty as the most significant regulatory challenge. Additionally, 22% report experiencing unequal treatment compared to their local competitors. In particular, more than half (53%) of those who participate in public procurement encountered obstacles, such as a lack of transparency and ‘Buy China’ policies. 🗓️📋Companies are ramping up risk management: 44% have taken steps to address potential risks linked to their business operations in China. Of these companies, 83% attribute their actions to geopolitical tensions, while 45% cite China's economic development as a key factor. Measures include building China-independent supply chains (45%), setting up additional operations outside China (40%), but also localizing R&D operations in China (34%). Download the full report: https://lnkd.in/ejEGuUfs 📧👩 For inquiries, please contact Dr. Constanze Wang at wang.constanze@china.ahk.de.
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🌍 Real Estate Broker / Owner @ Frost International Real Estate, 1 of 1st REALTOR®s in Poland 🔑 Residential and Commercial Real Estate Brokerage in Poland and internationally 🔗 On and Off Market Transactions
On February 8, 2024, leaders and experts gathered in Warsaw, Poland (Sheraton Grand Warsaw) for the EEC Trends conference. During the event, we addressed key topics concerning the Polish economy. Speakers created recommendations for politicians, in the areas of: - Polish economy 2024+ - Transformation of the energy sector - Sustainable economy - Investment financing - Infrastructure and construction - Law, business and the economy I encourage you to read the articles and watch the sessions - the link below. EEC Trends provides a platform for dialogue, anticipation and analysis of major trends. This discussion will continue at the 16th European Economic Congress (Europejski Kongres Gospodarczy) in Katowice, Poland (May 7-9, 2024) - the largest business event in Central Europe. #eectrends #eec Grupa PTWP #poland #europe #economictrends
EEC Trends 2024 | 8 lutego 2024 | Warszawa
trends.eecpoland.eu
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Brazil: Measures to boost national production and allow it to participate more in the value chain than before Read the full article here: https://lnkd.in/e_aNj_3R #brazil #production #industry #value creation #economy #action plan #industrialisation
Brasilien: Regierung stellt Aktionsplan zur Re-Industrialisierung vor
amerika21.de
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Exciting Insights from the Capital Forum on Digital Economy! At the recent Capital Forum hosted by the Federal Association of IT SMEs (BITMi), the pivotal role of IT SMEs in advancing Germany's digital sovereignty was uncovered. Under the theme 'Empowering Digital Sovereignty with IT SMEs,' political leaders and industry experts explored how these companies shape our digital future. Read the full article on our website: https://lnkd.in/ebKfkHPD #DigitalEconomy #ITSMES #DigitalSovereignty #Innovation
Hauptstadtforum Digitalwirtschaft des BITMi – Mit dem IT-Mittelstand in die Digitale Souveränität – PeoplePlanetProfit GmbH
https://www.ppp.ms
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The end of an era? The German economy has long been rooted in our country's industrial prowess. But with energy prices skyrocketing, many companies are struggling. Despite an improving macroeconomic environment worldwide, the German #industrialsector is having a hard time getting out of the recession. Whereas comparable energy-intensive industries grew in spite of multiple crises, the industrial sector failed to leverage the past ‘golden decade’ to sharpen its competitive edge and is therefore much less prepared for economic crises than expected. According to the recent Strategy& report of my colleagues Michael Weiss, Bernd Jung, Dr. Hans-Jörg Kutschera and Sebastian Stahl, the industry’s weak vitality stems from a transformation process that has been implemented only hesitantly for years and thus affects the entire value chain. That is why it is even more important to look ahead, demonstrate entrepreneurial spirit and determination to take strategic measures for building a future-proof business and industrial location in Germany. In light of multiple global uncertainties, CEOs need to tackle many problems simultaneously, question their transformation programs, react flexibly to developments and adjust their plans as necessary. ‘Made in Germany’ is still a recognized quality seal that must now make a comeback. Learn more: https://lnkd.in/eDpspssx
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✈️🧳 Ahead of Chancellor Scholz' visit to China, we're excited to announce the release of our latest survey results about the competitiveness of German companies in China 📊. These numbers shed light on the unequal competitive conditions that German companies are currently contending with in China, providing valuable insights into the challenges and opportunities at hand. Key Findings: -Two-thirds of the surveyed companies say they are affected by unfair competition. -German companies consider themselves superior to their Chinese competitors in terms of product quality, technological leadership, and innovation strength. -They rate their cost efficiency, time to market readiness, and innovation speed as weakest compared to Chinese competition. -Competitive disadvantages are particularly seen in market access and access to networks (e.g., government, local authorities, access to public tenders, etc.). -The heightened competition is expected to cause increased cost pressures, reduced profit margins, and lower market shares. Visit our Website to download the survey: https://lnkd.in/eG9schx6
