What do sanctions mean for German companies?

The Düsseldorf-based management consultancy Kloepfel Consulting surveyed 235 specialists and managers across all industries about the impact of the Russian war of aggression in Ukraine on their companies.

From 25 February to 1 March, the Düsseldorf-based management consultancy Kloepfel Consulting surveyed 235 specialists and managers across all industries about the impact of the Russian war of aggression on Ukraine on their companies.

38 per cent do not export to Russia. Of the 145 remaining companies that export to Russia, three per cent see their existence threatened. Eight per cent think that their growth is severely jeopardised. Just under one in three respondents (31 per cent) stated that their growth is partially jeopardised. 36 per cent expect that the war will hardly jeopardise their growth. Of the companies that export to Russia, 22 per cent are optimistic and do not believe that their growth will suffer as a result of the war.

War severely jeopardises growth

War partially jeopardises growth

Sanctions against Russia and counter-sanctions

36 per cent state that they are not affected by sanctions and counter-sanctions. Of the remaining 151 who could be affected by sanctions and counter-sanctions, A good one in two (52 per cent) think that their company is hardly at risk as a result. A good one in three (36 per cent) participants see a partial threat to the growth of their company. Seven per cent say that their growth is severely jeopardised and five per cent believe that sanctions threaten the existence of their company.

Raw materials, energy, logistics

The war is also driving up commodity and energy prices. Forty-three per cent of those surveyed said the risk was high. Meanwhile four per cent assume an existential risk for their company. 41 per cent expect a medium risk and twelve per cent rate the risk of rising commodity and energy prices as low.

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38 per cent do not anticipate any risks to their logistics. Of all the companies surveyed, 47 per cent see some risks to their logistics as a result of the war. 15 per cent fear major risks in this respect.

Marc Kloepfel, CEO of Kloepfel Consulting, explains: „The dangers of the senseless and terrible war in Ukraine for the local economy are hardly foreseeable at present. It is therefore important for companies to strengthen their procurement with manpower, expertise and digital tools in order to develop procurement alternatives and make supply chains transparent with their risks and opportunities.“

Source: Kloepfel Consulting

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