In this new podcast series, we are introducing the board members of the German-Australian Chamber, who not only help us realise our vision and mission but pack a punch as far as their knowledge and experience are concerned.
In a special survey (in German) conducted by the DIHK, over 3,000 German businesses abroad indicate an increasingly negative outlook regarding their business activities. More than eight of ten companies expect or are experiencing a diminished turnover rate.
In a global context, businesses in Australia have responded rather more positively than some of their counterparts. Over 34% of participating companies expect no change, or even an increased turnover this year.
COVID-19 has impacted just about every industry in sometimes very different ways. But some industries were already in trouble before the virus broke out, such as the Australian retail sector – and those problems have compounded further. We spoke to Brad Welsman, Managing Director of our Executive Member SSI SCHAEFER, about some of those impacts felt in the logistics industry and for some of SSI SCHAEFER’s retail customers.
Manufacturing, and advanced manufacturing in particular, has been the topic of many discussions recently both on an industry and political level. COVID-19 has highlighted not only certain vulnerabilities in this area, but has shown great desire by many Australian companies to increase local production, while maintaining healthy trade relationships with overseas partners.
Our new podcast series, Sound Bites, delivers insights from the German-Australian business community. And what better way to start this series than to introduce our new Executive Director, Christoph von Spesshardt. Christoph joined us on the 1st of May, and while he can’t meet our members (and staff) in person just yet, he took the time to share a bit about himself with us.
The global economy and thus the business of German companies abroad are in a substantial crisis. Two thirds of the more than 4,000 companies surveyed by the AHKs worldwide expect the economy to deteriorate in the respective countries.
This blog will provide you with up-to-date, in-depth information about developments in our focus industries. Our team of contributors consists of experts in policy work, business consulting, German Trade and Invest (GTAI), mining and resources, and our member companies.