Surviving and Thriving: How SMEs Are Navigating the Post-Covid Economy

2023-08-30 14:30:00

A slowdown, but what slowdown? Thierry Lung, the director of Segor, does not see what to complain regarding. His SME, a specialist in gears which employs 35 people in the Meuse, has never had such a large order book. “We have five months of orders ahead of us. Usually it’s two or three months., notes the industrialist. The lengthening of production times, due to supply difficulties, partly explains this. “Many industrial sectors lived in 2023 on post-covid orders taken in 2021 and 2022 confirms Georges Maregiano, partner at KPMG, the machine will have to be restarted“. The SME Segor has intensified its efforts to export to the Maghreb, in particular Morocco and Tunisia.

If Segor remains weightless, he is an exception. In this new school year, doubts are instilled among manufacturers. “The activity is still holding, but the clouds are accumulating”, summarizes Denis Vogade, the CEO of the perfume manufacturer Lothantique, located in the Alpes-de-Haute-Provence. Since the beginning of the year, “Customers are once once more having difficulty paying, our salespeople are finding it harder to get orders”, lists the boss as so many warning signs. For the moment, its export activity, which weighs nearly half of its turnover, is holding up better. Particularly in Russia, where SMEs are taking advantage of the departure of major Western luxury brands.

[…]

This article is reserved for our L’Usine Nouvelle subscribers

Support expert journalism.

Already subscribed? Login

I will tell you

source

Selected for you

1693417424
#economic #front #horizon #darkening #industrialists

Leave a Replay