German American Business Outlook 2020

The German American Business Outlook (GABO) is one of the most important economic indicators of German American business relations. Each year, the German American Chambers of Commerce survey more than 2,500 German subsidiaries in the United States on their views of the US as an investment location. • The Profitability of the US Business 96% of German companies in the US expect growth in the next year. For more than one out of three German companies responding (38%), their US operations generate more than 20% of their total group sales. • Attractiveness of the US-Market Companies benefit from the size as well as a high number of potential clients and customers in the US market. More than one fifth of surveyed companies intend to invest more than 10 million USD over the next three years. • Workforce Development Challenges with workforce remain a big concern: Finding skilled employees is the number one economic challenge for 56% of German companies in the US. • Digitalization Ongoing digitalization, particularly the implementation of smart factory / Industry 4.0 and data security, brings new challenges for German companies doing business in the US. Read more https://www.gaccmidwest.org/fileadmin...