German Start-ups Optimistic for the Future
The findings of the annual German Start-up Monitor show a mood of optimism in the domestic start-up scene – despite the adverse impact of the Covid-19 pandemic.
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The findings of the annual German Start-up Monitor show a mood of optimism in the domestic start-up scene – despite the adverse impact of the Covid-19 pandemic.
Germany’s chemical industry has seen of the worst of the Covid-19 crisis and is cautiously optimistic about the future according the German Chemical Industry Association.
The Covid-19 pandemic has had a dramatic effect on the retail sector. Despite the crisis, retail trade association figures forecast that turnover for 2020 will exceed 2019 levels.
The global Covid-19 pandemic has accelerated the digitalization process in Germany, with business investment levels on the rise.
Video games have been recommended by the World Health Organization as one way of potentially combating the effects of lockdown and social distancing.
Around half of all companies in the plastics sector saw order increases in April. However, increased PPE plastics demand is offset by slump in demand in the auto supplier sector.
Some online retailers have had to struggle with significant supply chain difficulties, others have been unprepared for the sudden and dramatic increase in demand.
The Covid-19 crisis has accelerated the trend towards cashless payments. Almost half of Germans have changed their payment behaviors in response to the global pandemic.
With free time options dramatically reduced by Covid-19 restrictions, Germans are turning to streaming providers to help pass the time.