Digitalization as the new “Magic Weapon” for the international MICE Industry?

Digitalization as the new “Magic Weapon” for the international MICE Industry?With the outbreak of COVID-19 in early 2020, exhibition industry seems to press pause globally. Conservative statistics show that already over 2,400 fairs and exhibitions worldwide have been cancelled or postponed due to the Coronavirus only as of middle of April 2020. UFI estimated that 88.2 billion USD of total economic output related to the exhibition industry will not be generated by the end of Q2.Nevertheless, since the outbreak, China has not only undertaken effective measures to fight with the spread of the pandemic, but also shows positive signals to …

Post COVID19 Recovery in China – Opportunities for European companies to rethink their business model

COVID-19 in China – Business Implications and resulting Needs for ActionSince its first nationwide cases in early December 2020, the COVID-19 outbreak has reached out to nations around the world. In China more than 80,000 individuals are infected, worldwide over 160,000 (as of 16th March 2020). The outbreak has effectively paralyzed the entire Chinese economy. Though selective businesses have presumed operations by now, the economic aftermaths are severe. Simply given China’s contribution to the global GDP and cross-industrial importance nowadays, the former IMF deputy managing director Zhu Min estimates an economic loss of around 200 billion USD in the first …

India: Government program worth EUR 20 billion as production incentive for foreign companies

India: Government program worth EUR 20 billion as production incentive for foreign companiesThe Indian economy has suffered significant losses compared to the previous year due to Covid19: the manufacturing industry by 40%, the automotive sector by over 75%! To counteract this trend, the government has set up a program with production incentives worth EUR 20 billionPrimarily for manufacturers in the automotive, solar, special steel and pharmaceutical sectors, in addition to the “Production Linked Incentive Program” of EUR 6.5 billion in the electronics manufacturing sector, already created in April 2020. Large multinational companies such as Samsung Electronics, Foxconn and Wistron Corp. …

Light on the horizon – Management Team acquires Maas & Roos Group

Light on the horizon – management team acquires Maas & Roos GroupEAC International Consulting and LEAD CF have advised on the sale of the shares in Maas & Roos AG Hilpoltstein and the separate sale of the shares in the foreign subsidiary LP Flex, exclusively as M&A advisor. The transaction took place in close coordination with the law firm Dr. Schmitt, which was appointed as insolvency administrator.The Maas & Roos Group is one of the leading global providers of illuminated advertising and related logistics and services and currently operates in more than 50 countries worldwide. Even under the special aspects …

India Review 2020 – a Recap of major Business Developments

India Review 2020 – a Recap of major Business Developments2020 has been a challenging year for all of us. The outbreak of COVID-19 led to a pandemic that shattered both lives and businesses in previously unimaginable ways. Our world has changed. The immediate impact of COVID-19 on the Indian business ecosystem was distressing due to reduced demand of non-essential products and services, especially during lockdown period – the aftermath was evidently visible in GDP numbers witnessing substantial de-growth. In spite of all the uncertainty this year posed on the business front, the vision for ‘New India’ started to take shape …

China Review 2020 – a Recap of major business developments

China Review 2020 – a recap of major business developments2020 has been a challenging year for all of us. The outbreak of COVID-19 in January led to a pandemic that shattered both lives and businesses in previously unimaginable ways. Our world has been changed.But while most regions are still struggling with the pandemic and the resulting containment measures, China has already shifted gears into rebound mode. With relatively few new cases, both government and companies have been focused on revitalizing the economy and utilizing the emerging catch-up effects in the second half of this year. We also observed this among …

Maximizing Shareholder´s Value in Divestures

Maximizing Shareholder´s Value in DivesturesOver the years, we have witnessed many FIEs, including the ones whose products and technology became increasingly commoditized, business models became obsolete or have increasingly unfavorable inherent issues such as high labor intensity, are shifting out of China and many of them are doing so in way of divestures. Undoubtedly, successful divesture not only generates attractive shareholder return itself but also at the same time recoups invested capital, frees up resources and managerial capacity to reinvest into other ventures and deals. However, many divestures we observed in China were unfortunately poorly prepared, managed and orchestrated, detrimental …

Economic Insights by EAC Consulting – May 2020

Economic Insights by EAC Consulting – May 2020China was economically impacted by COVID-19 on an unprecedented level in Q1, resulting in a quarterly GDP contraction of -6.8% YoY. Despite not unveiling a major stimulus program yet, the government has initiated countermeasures such as subsidy and support policies for SMEs, further investment liberalizations, pilot zones for cross-border e-commerce, or consumption vouchers. In April 2020, first indications of a recovery have become visible: the PMI bounced up, industrial output is back to normal, travel is increasing, and a growing number of companies are reporting a positive business trend and outlook. In this …