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VDMA: Mechanical engineering industry must set its own course for the future

17.07.2014 | id:4527973

In the future, German mechanical engineers want to continue tackling the challenges of internationalisation predominantly from their home country. Only one in five businesses is planning to truly relocate their production abroad. Instead, most companies are relying on greater automation of production, process innovations and integrated solutions in order to remain competitive from within Germany. These are the key findings of a recent study titled “Future prospects of German mechanical engineering” compiled jointly by the German Engineering Association (VDMA) and the management consulting firm McKinsey & Company. 333 businesses from all areas of the mechanical engineering industry participated in the study. The participants included companies of all sizes.

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Source of the image : VDMA