The outbreak of the corona pandemic has posed a serious threat to
European industry in both the short and long term, from disruption of
supply chains due to transport and travel restrictions, to the loss of
suppliers. Most industrial companies report substantial falls in numbers
of orders placed or order cancellations. Due to a mix of a weak global
economy and uncertainty in business, society and politics, many
companies are lacking not only liquidity but also the necessary planning
security for future innovations and investments.
Read more:
Re-starting the EU economy – How can industry contribute to a resilient and sustainable recovery? – EURACTIV.com
Businesses are now facing three transition processes: the
digital transformation, the move to a sustainable economic system, and
surviving the corona crisis. For a successful recovery, a stable and
predictable environment for long-term sustainable growth must be
re-established as quickly as possible. Individual nations going it
alone, border closures and protectionist measures undertaken by EU
Member States at the beginning of the pandemic questioned Europe’s
ability to find a common response to the crisis. But the Commission’s
EUR 750 billion Recovery Fund announced in May was a strong statement
which now must be converted into sustainable success.
Read more:
Re-starting the EU economy – How can industry contribute to a resilient and sustainable recovery? – EURACTIV.com
