Latest white paper from Corporate Partner, Coface, analyses last quarter of 2013
We close the year in our series of economic publications with our third Panorama sector.
You will find in it our usual barometer, which assesses the risks to which companies in fourteen key industrial sectors in emerging Asia, North America and Western Europe are exposed. On top of these evaluations, we provide for each of these major regions a comprehensive overview of developments in distribution, electronics, metals, automotives, phar- maceuticals and services.
What are the significant developments for the last quarter of 2013? In North America we have reclassified automotives and distribution, for which risk has become moderate thanks to robust household consumption. In emerging Asia, the risks linked to services are now moderate too, with business turnover and profitability in this sector rising quite sharply. In contrast, we are maintaining our ratings for all sectors in Western Europe, because, although the overall trend is towards stabilisation, this region remains difficult and highly uncertain.
We have also included an analytical focus on European textiles. This traditional industry was affected very early by globalisation, and, in particular, competition from developing countries. How has it responded? By developing an effective strategy of innovation (in technical textiles) and capitalising on its reputation for know-how and quality. A strategy that has undeniably borne fruit, but can we really talk of sustainable stabilisation? What are the main issues in the years ahead? What risks do businesses face? Click here to read on…