“In my entire career, I haven’t experienced so many commodities at once, and I’ve been working in the same industry since 1996,” complains Thomas Nuernberger, sales manager at EBM Papst, a manufacturer of motors and fans.
During last year’s and this year’s lockdowns, Germany benefited from its focus on the manufacturing sector. Thus, the pandemic did not have as strong an impact on it as on other European service-oriented economies. Now, however, the German advantage is disappearing. Local companies do not have chips, containers, metals, paper, or even wooden pallets.
The Czechs will also feel the problem
Siemens chief electrical engineering giant Roland Busch has previously warned that the shortage of raw materials and increased transportation costs are likely to persist into the next fiscal year. Given the interconnectedness of German business and Czech business, it can be expected that the negative effects will also be felt by domestic companies.
“We also feel the lack of input material, such as plastic, and its rising prices,” Siemens spokeswoman for the Czech Republic Mariana Kellerová told the E15 daily.
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“In addition, things are getting worse rather than better,” added economist Clemens Fuest, president of the Ifo Research Institute. According to him, more than two thirds of German companies have problems with imports. Factories produce about seven percent less goods than before the coronary crisis.