On Saturday, I attended this year’s well-attended annual congress of the German Interim Management Association (DDIM), which—as has been the case for many years—took place at the Van der Valk Airport Hotel in Düsseldorf. The congress day was not only ideal for networking, but also provided me with many valuable insights. German industry is in …
Once again, we are seeing just how vulnerable many companies are that pay too little attention to the issue of resilience: the export restrictions that China has decided on and introduced for rare earth metals in order to secure its own supply and as an incentive to relocate processing plants to China are hitting companies …
The German Federal Statistical Office recently announced the second year of a recession in the German economy, and the third is just around the corner. Many companies are deep in crisis or are already acutely threatened with insolvency. With my new reference book ‘Sustainable management of corporate crises. Immediate help for industrial companies and industry-related …
For many years, open global markets were a key driver for German industry. In the meantime, however, the forces are reversing and making it difficult for German industry to assert itself in global competition. Waiting and hoping, as is often heard, will certainly not be enough. We must act. German industrial companies face a threefold …
The German economy is no longer growing. Our medium-sized industry is falling victim to the globalization that we ourselves drove decades ago. Other sectors will inevitably follow as soon as industrial value creation declines. Will other developed economies follow as well? The prosperity we have achieved with comparatively high wages and social benefits is now …
