In decline?

It is commonly believed that the industrial sector is the ‘prime cut’ of the German economy. However, looking at the performance of German companies across sectors since 2000, results show that the turnaround ability of the industrial sector is trailing behind the industry average, and the situation has worsened in recent years.

A continuation of current “average crises” would bring down revenue to 70% within 10 years, even without considering major disruptions within the sector. Since the foundation for survival in this era of multi-crises and challenges was not built up during the ‘golden decade’, crises have depleted the funds needed for innovation and change to take the sector forward.

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In decline?

The German industrial sector between perceptions and realities since 2020

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