Crisis in industry: use opportunities through digitization!

Crisis in industry: use opportunities through digitization!

Austrian industry faces alarming challenges - this is evident in the recent results of the "Made in Austria Industriepanel 2024". A survey among managers from over 100 companies reveals a significant deterioration in the economic situation in the manufacturing sector. For the first time in six years, only 36 percent of those surveyed state that their competitiveness is assessed as "good" or "very good", so reports the Institute for Management Sciences (IMW) .

technological innovations in focus

Despite these gloomy balance sheet, there are bright spots: the use of technological innovations, especially of artificial intelligence, is increasing. These developments could help in the long term to secure the competitiveness of the industry. Sebastian Schlund, head of the Industrial Engineering research area, emphasizes the urgency to set the course for the future: "If both industry and politics and science become active, we can still avert the dark forecasts," quotes Apa-OTO .

The current situation is tightened by high inflation and increasing wage costs, which particularly affects small and medium -sized companies (SMEs). The "Made in Austria" report shows that the degree of automation in the industry is declining, which underlines uncertainty. Nevertheless, about 15 percent of sales could be generated by measures to promote the circular economy, which is considered a promising approach to stabilize the industry.

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The results of the panel will be presented on October 13, 2025 as part of the "MIA industrialorum" at the Vienna University of Technology. This event should not only promote the exchange between science and business, but also to initiate new collaborations, as well as comprehensively map the needs of industry and business. The ongoing discussion about digitization and sustainable production strategies remains of central importance for domestic industry.

Place of the event detailed detailed news has happened? Other In which regions? Vienna Exactly known? LaimGrubengasse 10, 1060 Vienna, Austria Best reference ots.at FH wien.ac.at

Source: die-nachrichten.at