Europe anticipates increased investments

The coronavirus pandemic has made companies aware of the vulnerability and dependence of global production and supply chains. A recent survey shows that companies expect a relocation of strategically important goods and economic sectors back to Europe.

In a study contracted by ABA — Invest in Austria, 66% of the managers interviewed state that they expect a review of international work distribution and a dismantling of globalized supply and value chains. Two-thirds of the interviewees are also convinced that Europe will gain in importance as a production location. Accordingly, 71% of the business leaders anticipate increased investments in European manufacturing.

95% of the managers from the DACH region already regard Austria today as a business location of the future. Europe now has the opportunity to become increasingly significant as a production site. In addition to a reasonable cost structure, the availability of qualified employees is particularly important. A business-oriented educational system is decisive in this respect. Austria is a step ahead thanks to its tertiary educational system. Vocational and higher technical schools train highly qualified technical professionals, who are definitely less expensive to employ than university graduates.

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