Consultancy firm Deloitte reports that two out of three German companies have partially relocated their operations abroad due to ongoing energy issues in Germany.
Previous reports indicated that nearly half of the country’s small-to-midsized companies were considering moving abroad or ceasing operations. According to Deloitte, 67 percent of German companies have moved some operations abroad, and every third industrial company plans to relocate high-quality areas such as production and preassembly.
Investments in infrastructure, digitalization, and cost-effective energy pricing are essential for securing business locations. The situation is particularly acute in Germany’s mechanical engineering, industrial goods, and automotive sectors, where 69 percent of companies report moderate to large-scale relocation.
