How to react to the slowdown of the Swiss economy
source pixabay.com Swissmem has reported that "in the first nine months of the year, new orders received declined by 13.2%, turnover by 3.7%, and exports by 1.4%. The downturn in the MEM industries has been rapid and severe. In the space of 15 months, order intake volumes have fallen by 27%." (Source Swissmem ). According to this article, the situation is due to the global market and the missing orders for the export market. One other reason is the exchange rate between the Swiss Franc and the Euro. At the moment we are far away from the 1.20 CHF/Euro that could support the export to the near countries. What to do in this situation? Bringing back the Swiss industry competitiveness. Where to act? There are several actions to take. Product Development : reduce the development cycle for new product introduction. This is very important especially in the case of "design-to-order" business. Consider the possibility to move to an "assembly-to-order"