Economic Impact of Rising Inflation and Savings Expectations on German SMEs and Ways Forward

Item Type Monograph (Work Report)
Abstract By calculations of the Procurement Initiative, German SMEs face a three-digit billion-euro additional financial burden per year due to soaring inflation rates, persistent savings expectations by large companies (especially OEMs), and lower GDP growth. The numbers range from 113bn€ in a best case scenario up to 228bn€ in a worst case scenario. The consequences of not actively coping with this problem will be nothing but risking the competitive position of Germany`s strong SME backbone since necessary innovation programs in new technologies can not be funded anymore. To counteract a joint collaboration approach between OEMs, SMEs and policymakers is required. Parts of this article have been published in the leading German business magazin "Handelsblatt" on May 20th, 2022.
Authors Zemmrich, Laurin; Hofmann, Erik; Buchhauser, Martina & Stickler, Nicolai
Projects Hofmann, Prof. Dr. Erik & Zemmrich, M.Sc. Laurin (2022) The Procurement Initiative [applied research project] Official URL
Language English
Subjects business studies
economics
HSG Classification contribution to practical use / society
HSG Profile Area SEPS - Quantitative Economic Methods
Date 1 April 2022
Publisher University of St.Gallen
Place of Publication St. Gallen, München
Series Name Diskussionsbeiträge des Instituts für Supply Chain Management (ISCM-HSG)
Number of Pages 8
Contact Email Address laurin.zemmrich@unisg.ch
Depositing User M.Sc. Laurin Zemmrich
Date Deposited 20 May 2022 10:28
Last Modified 20 Jul 2022 17:48
URI: https://www.alexandria.unisg.ch/publications/266313

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Zemmrich, Laurin; Hofmann, Erik; Buchhauser, Martina & Stickler, Nicolai: Economic Impact of Rising Inflation and Savings Expectations on German SMEs and Ways Forward. St. Gallen, München : University of St.Gallen, 2022.

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https://www.alexandria.unisg.ch/id/eprint/266313
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