Challenges within the German Automotive Network

Challenges within the German Automotive NetworkThe German automotive industry, renowned for its precision engineering and collaborative spirit between manufacturers and suppliers, is facing a tumultuous period marked by rising tensions between the major automakers and their suppliers. The strained relationship has led to significant disruptions and financial losses. The situation underscores broader challenges within the industry, including heightened cost pressures, increasing complexity of vehicle components, and shifting market dynamics.At the heart of the issue lies a breakdown in the traditionally close-knit partnership between the major automakers and their suppliers. Instances of faulty or delayed components, ranging from brakes to batteries, …

Navigating the ‚New China Playbook‘: Insights from CMS-EAC Seminar

Navigating the ‚New China Playbook‘: Insights from CMS-EAC SeminarAmidst the ever-changing landscape of global business, the CMS-EAC Seminar convened industry leaders and experts at the German Centre to explore the intricacies of the ‚New China Playbook‘. Against a backdrop of geopolitical tensions and evolving economic realities, the seminar provided a platform for robust discussions and insights into the challenges and opportunities facing foreign enterprises in China.The seminar commenced with a warm welcome speech, extending gratitude to esteemed panelists and attendees for their participation. Dr. Gang Yang, President of Trumpf China, and Mr. Ingarsia, CFO of Schaeffler Greater China, were among …

EAC – International Consulting: Four Years Running as „Best Management Consultants“

EAC – International Consulting: Four Years Running as „Best Management Consultants“EAC – International Consulting is elated to announce its recent achievement, securing its place once again as one of the „Best Management Consultants“ by brand eins business magazine. This prestigious recognition marks the fourth consecutive year of acknowledgment, a testament to the firm’s unwavering dedication to excellence and its remarkable ability to drive client success. Year after year, since 2021, EAC – International Consulting has consistently stood out, earning acclaim and receiving the highest ratings for its exceptional service.At the heart of EAC’s continued success lies a dedication to exceeding …

German FDI Targeting China on New Heights

German FDI Targeting China on New HeightsGermany’s financial engagement with China has soared in recent years, reaching a record of approx. €12 billion in Foreign Direct Investment (FDI) from Germany to China last year, as a recent study form the German Economic Institute shows. This investment trend underscores the complexity of the relationship between the two economies, as German companies seek to capitalize on China’s vast market despite government calls to reduce dependence.Investment in China has raised concerns in Germany and across the European Union. The German government has urged large companies to reduce their reliance on China, citing the …

Quo Vadis? Snapshot of the pharmaceutical industry in Germany

Quo Vadis? Snapshot of the Pharmaceutical Industry in GermanyHigh electricity and gas costs have impeded growth in the German pharmaceutical industry. But now, for the first time in over two years, the gas price went to its level of 2021 as it went below 30 Euros per megawatt hour in March 2024. High electricity and gas prices have been hindering growth in the chemical and pharmaceutical industries as they depend highly on energy for their operations.The adoption of a comprehensive pharmaceutical strategy by the federal government in December 2023 has instilled newfound optimism among industry players, signaling a renewed commitment …

The Resurrection of Southern Europe

The Resurrection of Southern EuropeIn recent years, Southern Europe has emerged as a beacon of economic resurgence, with countries like Portugal, Greece, and Spain leading the charge. This revitalization stands in contrast to the economic landscape of Northern Europe, with robust growth rates exceeding 5% in 2022, a testament to the region’s resilience and potential. While challenges remain, particularly concerning the sustainability of the growth as well as structural impediments, the trajectory of Southern Europe’s economy offers a promising narrative of growth and transformation.One of the key drivers behind Southern Europe’s economic revival is the composition of its economy, which …

China Outlook for 2024: A Perspective from German Companies

China Outlook for 2024 A Perspective from German CompaniesIn the latest Business Confidence Survey (BCS) conducted by the German Chamber of Commerce in China, findings reveal a complex landscape of opportunities, challenges, and strategic shifts among German businesses operating in China. Conducted between September and October 2023, the survey engaged 566 member companies, offering a comprehensive insight into the German business sentiment within the Chinese market.Despite a slower-than-expected economic recovery with 52% of German companies that have been surveyed stated a decline in their industry, China’s importance to the German economy remains undiminished. As Germany’s most important trading partner for …