RESET AFTER THE SHUTDOWN 2020 - INTERNATIONAL STUDY - Staufen AG
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FACTS AND FIGURES: FOR THE PRESENT STUDY THE CONSULTING COMPANY STAUFEN SURVEYED 730 COMPANIES LOCATED IN GERMANY, USA, CHINA, SWITZERLAND, ITALY, BRAZIL, MEXICO, POLAND, HUNGARY, CZECH REPUBLIC, SLOVAKIA AND ROMANIA REGARDING THE TOPIC: RESET AFTER THE SHUTDOWN. THE SURVEY WAS CONDUCTED IN APRIL 2020.
RESET AFTER THE SHUTDOWN MANAGEMENT SUMMARY.
The main challenges for a successful reset after the shutdown: 62 percent of companies suffer from a weaker demand for their products 30 percent of companies have to face a restructuring period due to financial problems 26 percent of companies need to reorganize their supply chains The most important lesson to be learned from the crisis: Secure your global supply chains! Look for additional suppliers Improve management of the supplier network Intelligent build-up of inventory levels Which immediate measures are being implemented by the interviewed companies? Measures to secure liquidity - from short-time work to direct state aid Measures to increase efficiency - e.g. process optimization and digitization The Corona crisis will affect the economy for a long time: only 56 percent of the businesses will operate as they did before the shutdown at the earliest at the end of 2020
RESET AFTER THE SHUTDOWN THE RESULTS.
Please assess the extent of economic impact of the current crisis on your company? existence-threatening severe, but not pretty bad bad not noticeable existence-threatening anymore Remaining year 2020 7% 34% 35% 21% 3% 2021 4% 11% 30% 44% 11% 0% 20% 40% 60% 80% 100% The crisis will also have an impact on the following year
After the COVID-19 pandemic economic life will slowly start to get back on track. How long do you recon it will take for your company to operate as it did before the shutdown? Approx. until end of May 6% Approx. until end of June 10% Approx. until end of August 18% Approx. until end of next year 32% In the course of the next year 24% Not at all, because production is being shut down 0% The shutdown does not have impact on our 10% processes The effects of the shutdown will last in businesses for the long term
Which factors prevent a quick reset of your business? Multiple answers possible Missing demand for our products 62% Travel restrictions 48% Missing parts/ materials from external suppliers 40% Regulations by authorities 25% Logistical problems – products cannot be transported to 18% the customer Financial problems of our company as a whole 15% Missing parts/ materilas from internal suppliers 8% Technical problems at launch 4% Missing know-how 2% Nothing 8% Companies have to face numerous challenges
Considering the upcoming months until the end of the year: How big do you recon the challenges for your company in the following segments? very big pretty big rather small none at all Decreased demand of our products 24% 40% 29% 7% and services Σ 64% Restructuring of the company due to 5% 25% 44% 26% financial problems Σ 30% Supply chain reconfiguration 4% 22% 53% 21% Σ 26% Fulfillment of authority 4% 19% 45% 32% regulations for reset Σ 23% Reset of production 4% 16% 48% 32% Σ 20% 0% 20% 40% 60% 80% 100% New solutions are necessary in various areas
Due to the crisis one big area of concern for many companies are the supply chains. Are you currently experiencing problems with your supply chain(s)? 11% 9% ∑ 30% 3% very big 18% big 21% rather big 21% rather small very small not at all 38% 38% Potential deficiencies in supply chains have been detected
Which measures are suitable for optimizing your supply chain? Multiple answers possible Search for additional suppliers 55% Stronger control of our partners in the supply 40% chain Stockpiling 36% More in-house production, larger production 26% depth Relocation of plants back to the country of origin 7% Development of new production sites near 6% important suppliers Development of new production sites near 5% important clients Other- open answers 5% We don´t require changes in our supply chain 24% A lesson to be learned from the crisis: Controlling the risk more broadly
Which of the following measures do you consider to be realistic or have you taken in response to the crisis? Multiple answers possible Short-time work 70% Measures to increase efficiency 59% Shutting down parts of the company 22% Dismissals 21% Application for state aid 20% Insolvency 2% Selling the company 1% None 11% Raising efficiency potentials and providing relief in the short term
RESET AFTER THE SHUTDOWN STATISTICAL DATA.
In which sectors is your company How big was your annual turnover What is your position in the company? active? before the crisis? Shareholder/ Owner 8% Industry 76 % up to 50 m. euros 29 % Managing Partner 9% Service 19 % 50 – 250 m. euros 23 % Managing Director/ Board 26 % Trade 4% 250 – 500 m. euros 12 % Division Manager 22 % Public sector 1% 500 m. – 1 bn. euros 5% Main Department Manager 6% more than 1 bn. euros 13 % Department Manager 14 % no details 18 % Other 15 % Statistical Data.
Contact Media Contact Wilhelm Goschy Werner Bärtle Member of the Board Director Marketing w.goschy@staufen.ag w.baertle@staufen.ag +49 7024 8056 0 +49 7024 8056 157
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