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POST-PANDEMIC PRODUCTION RELOCATION: AN OPPORTUNITY FOR CEE COUNTRIES?

Published

2020

Mon

27

Jul

Here are the main points addressed in this Coface study:

 

A favourable context

Foreign trade and inclusion in supply chains had already increased for Central & Eastern Europe (CEE) in recent years, boosted by most of its countries’ decision to join the European Union (EU) in 2004.

 

Strong assets

• An educated workforce

• Geographical proximity to Western Europe

• Low labour costs

• Relatively good infrastructure

• A stable business climate

• Improving productivity through greater use of automation and "robotization".

 

Various sectors concerned

• The automotive industry, the industrial backbone of the region

• But also: the production of machinery, chemicals, and electrical & electronic equipment, as well as the transport and storage sectors

• And new opportunities: outsourcing of services through digitalization and a large ICT talent pool

 

However, investments are necessary

New investments are needed for the region to gain a favourable position, especially in terms of automation and digitalization.

 

Grzegorz Sielewicz, Coface’s Central & Eastern Europe economist and author of this study, is available for further information.

 
Source: Coface
 
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