Post-pandemic production relocation: an opportunity for CEE countries?

Press Release : July 24, 2020
Post-pandemic production relocation: an opportunity for CEE countries?

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 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 “robotisation”.

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.

Download the full report https://cofaceitfirst.com/blog/post-pandemic-production-relocation-an-opportunity-for-cee-countries

Notes to editors

For more information please contact:
James Ovenell Tel: 07748921331 email: james.ovenell@coface.com Visit the newsroom of: James Ovenell