Top managers see disrupted supply chains as one of the greatest risks to growth.
(Photo: DEEPOL by plainpicture)
Dusseldorf The more global, the cheaper, the better: the mantra of the international division of labor was previously set in German industry. But Brexit and the consequences of the pandemic have turned this strategy into a risk for many companies. The ongoing shortage of materials for plastics, steel products and semiconductors is now causing them to change direction: redesign, recycling and regionalization are the new buzzwords.
In future, Daimler intends to “think about the future availability of materials right from the start in product development,” says Daimler board member Markus Schäfer to the Handelsblatt. The Stuttgart-based company wants to closely interlink purchasing and development in the future.
Competitor BMW plans to build cars that consist of half of recycled material, today the share is 30 percent. The Dortmund pump specialist Wilo is increasing its depth of added value in China and the USA in order to be able to produce more safely. With the help of artificial intelligence, corporations examine their supply chains and simulate possible problems.
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