Tomorrow - ein McKinsey Podcast „Traumfabriken“ – wie Deutschlands Industrie zu alter Stärke zurückfinden kann
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Apr 3, 2025 Thorsten Schleyer, a Munich-based McKinsey partner and co-author of 'Traumfabriken', discusses the resilience of Germany's industrial sector. He explores the crucial role of 'Hidden Champions' and their global success despite challenges like high energy costs. The conversation delves into how innovation and technological leadership are vital for competitiveness. Schleyer emphasizes the need for enhanced R&D investment and highlights the strengths that can revitalize Germany's industry amidst geopolitical uncertainties.
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Germany's Industrial Strength
- Germany remains a strong industrial nation, ranking third globally in exports.
- A key strength lies in its technology and innovation ecosystem, encompassing companies, suppliers, universities, and research institutions.
Productivity Focus
- Some German companies excel at productivity by focusing on it long-term.
- One example involves a company that built a production island, achieving 50% employee productivity gains through meticulous attention to detail.
Hidden Champions
- Germany boasts over 1500 "Hidden Champions," exceeding the combined total of the next nine countries.
- These mid-sized companies are globally successful in their niche, driving Germany's industrial strength with world-class products and innovation.