Panel Discussion: Searching for the New Economic Norm
For a very long time, logistics was an area where costs were closely monitored. Then came the pandemic… Container prices shot up fivefold. For more distant destinations, shipping, air and rail transport became more expensive. Vacant warehouses “disappeared” from the market and rents went up significantly. State support for unpromising companies kept people in jobs who then were in short supply elsewhere, and so companies increased wages even in times of economic downturn. Companies have hastily, and sometimes expensively, invested in robotics and digitization, because otherwise they would not have survived economically. Due to rising input prices, industrial production became significantly more expensive. And now we ask what of all this will stay with us and become the new economic norm.
Moderator: Peter Nemečkay, KPMG