
"Noticeably more bureaucracy and burden"
The coalition has reached a compromise on the Supply Chain Act. The VDMA sees this as an additional bureaucratic burden for companies.

The coalition has reached a compromise on the Supply Chain Act. The VDMA sees this as an additional bureaucratic burden for companies.

From 2023, companies are to be held liable for violations of human rights and environmental standards by suppliers if due diligence obligations are neglected. It is about exploitation and child labor in global supply chains.

Interview on AI in the SME sector
Where can artificial intelligence be used to create value? Many SMEs find this difficult. Prof. Dr. Alexander Löser explains in an interview how this can be achieved.
The GAIA-X project, originally initiated by Germany and France, aims to create a powerful and secure data infrastructure for Europe. Marc Schieder, CIO of Dracoon, comments on the status quo of the project in his statement.

Siemens CEO Kaeser hands over the company, which he has massively restructured in recent years, to his successor Roland Busch with a profit in the billions. He starts with a tailwind, which he has also provided himself.
Germany's prosperity is crucially dependent on the international division of labor. The VDMA warns that isolating global supply chains in the wake of the coronavirus crisis will harm everyone.

The first issue of the year is now available. Get an overview of industry news, browse through application-oriented reports on a wide range of topics and find out about the latest trends - for example in the opening article of the new 5G series.

Siemens quarterly figures Q1/2021
Siemens today announced its figures for the first quarter of 2021. The Group management speaks of an excellent start and is significantly raising its forecast for the year.

Like many sectors, the electrical industry suffered losses in 2020. The ZVEI expects growth of 5% for the current financial year. ZVEI President Kegel appealed to politicians.
The discipline of data science opens up new opportunities to generate measurable insights and data-based predictions. However, the right strategy and the right technologies and processes are needed to effectively exploit the potential of data.

Despite a good Q4 2020, four out of five companies report a drop in turnover. Slight sales growth in sight for 2021, but no reason to sound the all-clear.
Last November, the SPS was held as a virtual industry get-together. However, after a successful digital premiere, visitors are set to return to Nuremberg this year.

Can German companies withstand the increasing pressure in terms of digitalization and Industrial IoT compared to other countries? Reichelt Elektronik has investigated this. The results.

A transparent IoT data room for the digital economy in North Rhine-Westphalia aims to provide industrial companies with the right data at the right time with confidence and integrity. - Consortium partners are still being sought.

Hannover Messe 2021 will take place as a purely digital event. A face-to-face event is not feasible under the current conditions.

The mechanical engineering association VDMA rejects a legal obligation to work from home during the pandemic. Mechanical engineering companies are ensuring that employees whose jobs are not directly linked to production are able to work remotely.

The Senate elections in Georgia have been lost in the chaotic scenes from the US Capitol. However, they are an important success for President-elect Joe Biden. The VDMA now expects a more predictable trade policy.

With Fredrik Holmberg, B&R is adding an expert in the field of medical device assembly to its business development team. Holmberg will drive business in this rapidly growing industry.

Mechanical engineering companies in the southwest do not expect a complete turnaround in trade relations even under a US President Joe Biden.

Falling numbers of first-year engineering students are causing concern among Germany's mechanical engineering companies. According to the VDMA, the industry needs creative engineers in order to maintain its leading international position.