Mechanical engineering companies from Germany have to hold their own in an increasingly difficult economic environment. The year 2019 was marked by a weak global economy, increasingly harsh threats and sanctions in the global trade disputes, as well as a far-reaching structural change in the automotive industry.
Companies are already feeling the effects of the economic downturn. Global political uncertainties are further weakening Bavaria's export-driven mechanical engineering sector. Reducing bureaucracy is a must to ensure competitiveness. In order to tackle digitization, infrastructure must fit.
• Sales in 2018 up again for the first time in three years
• Strong growth of 3.7% in incoming orders
• Digital maritime energy transition is to make shipping more eco-friendly
• Outlook uncertain in China
This month we are updating our privacy statement to better understand what information we collect and why. We have also taken steps to improve our features to protect your information and privacy.
There is no change to your current settings or how your data is processed. We have merely improved the explanation of our procedures and explain to you in more detail what options you have to update, manage and delete your data.
We take the protection of your personal data and their confidential treatment very seriously.
General information about the scope of processing of your personal data and about your data protection rights can be found at www.vdma.org/datenschutz.
You can reach us at the following contact details: