Many years of strong expansion lead to:
- High financial leverage
- Structural shifts in markets
- Technological discontinuities
We are in the middle of multiple paradigm shifts:
- Industrial slowdown and structural changes
- New developing long-term market scenarios
- Re-industrialization of Europe
Challenges to individual companies are now visible:
- Liquidity & financing
- Shareholder stability
- Growth & innovation potential not captured
- Generation transitions / succession issues