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07/27/2020
Country risk and economic studies

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

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

Here are themain points addressedin this Coface study:

A favourable context

Foreign trade and inclusion in supply chains had already increased for Central & Eastern European (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.

 

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Download this press release : POST-PANDEMIC PRODUCTION RELOCATION: AN OPPORTUNITY FOR CEE COUNTRIES? (431.83 kB)

Contact


Diana OROS

Marketing and Communications Specialist 
42 Pipera St., 6th Floor - 020112
District 2 - Bucharest
ROMANIA
T: +40 37 467 08 86
Email: diana.oros@coface.com
 

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