Tariffs between the USA and China currently amount to over 100 per cent on some products. The consequences are fragile supply chains, rising costs and limited availability of primary products. This has a direct impact on German companies. However, it is not only the trade conflict between the two superpowers that is currently exacerbating the economic situation. Germany's deindustrialisation and far-reaching structural change in key sectors such as the automotive industry are also forcing many companies to make strategic decisions.
In issue 2/2025 of the Restructuring Update, you will find out how you can maintain the resilience of companies despite volatile times.
Trade conflicts change cost structures
A flat import tariff of ten per cent in the USA, country-specific surcharges and export restrictions for semiconductors and rare earths have a direct impact on margins, production and location decisions. Companies need to make their financial planning more agile. Find out how scenario planning, risk analysis and structured early warning systems can help you stay in control.
Florian Rieser
Partner, Performance & Strategy, Head of Turnaround & Restructuring
KPMG AG Wirtschaftsprüfungsgesellschaft
Automotive industry loses pace and China sets standards
New registrations of Chinese electric vehicles are increasing, while European manufacturers are losing market share. In China, digital connectivity is more highly valued than pure engine performance. Find out what strategic options are now available for manufacturers and suppliers and why market presence and supply chain stability are becoming increasingly important.
Location uncertainty: myth or fact?
Industrial production in Germany has fallen by 13 per cent since 2018. At the same time, investment in research and development is declining, which is further fuelling the debate about deindustrialisation. The Restructuring Update gives you an overview of what is actually behind the structural change and what companies can do if their industry is affected.
Fixed cost structure determines the price
When call-off figures fall, fixed costs come into focus. This is because many companies fail not only due to a lack of demand, but often because their cost base is too rigid. We present specific strategies that companies can use to adjust their capacities and respond appropriately to price pressure.
The quarterly Restructuring Update provides you with practical insights and solutions relating to turnaround, reorganisation, insolvency and distressed M&A.
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