The world powers are mutually raising their economic walls, covering each other with tariffs and mutual sanctions.
Berlin, Beijing The concern should be noted on Oliver Hermes. The CEO of Wilo invited suppliers and customers as guests to the management conference of the pump manufacturer. Instead of a friendly chat, a serious debate broke out between the managers in the factory hall, which had been converted into a conference room, on a topic that at first glance appears to be very far from the Wilo headquarters in Dortmund: the decoupling of the economic regions of the USA and China and the consequences for Europe.
In his lecture, Hermes throws a map of the world on the wall, in which he fills each region with symbols for the respective industrial standards. “We observe that the regulations keep diverging,” said Hermes.
Wilo is a company with a turnover of 1.5 billion euros and around 8,000 employees. A solid medium-sized company that sells its products around the globe. One of those hidden champions that make Germany’s economy strong.
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