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Dr Una Sikimić, Alta Banka a.d. CEO

Prepared And Committed

The fact that Alta banka – as one of the country’s few domestic banks – does not belong to the group of large banks,...

Predrag Skoković, Director Of Quality House

Knowledge In The Service Of Testing

Quality House provides software testing services to all companies whose software development teams are facing problems in setting up appropriate test processes and related...

Afi Europe Serbia

AFI Europe Serbia Is Launching New Business Park

One of the most reputable investors on the Belgrade real estate market is launching an exciting new project - AFI City Zmaj Set to rise...

Minja Jovanović, Corporate Security Business Partner, MPC Properties

They Entered The Pandemic Prepared

MPC Properties is a company that constructs, develops and manages commercial real estate, and which has an extraordinary responsibility from the security aspect. Its...

Mladen Ćirić, Tonković Winery Sales Director

Kadarka Wines Conquering The World

The Tonković Winery, based in the village of Bački Vinogradi, is commemorating the first 15 years of its successful operations. Testifying to the claim...

Igor Vijatov, Director of the Serbian Automotive Cluster

No Fleeing Of Automotive Industry Investors

Although the world automotive industry has been hit hard by Covid-19, we have no reason to believe that factories representing parts of large global supply chains will withdraw from Serbia

The entire world automotive industry is based on production chains. Large car factories previously sought to produce as many parts as possible at their own plants, but around 30 years ago they changed the working system and redirected the production of parts to suppliers. They did this in order to save money and increase the efficiency of their plants. Suppliers took on the responsibility for the production of parts, “just in time” deliveries and, in some cases, the development of products, sub-assemblies, as well as individual car assemblies.

In order to make additional savings, reduce car prices and fight for customers, the automotive industry and its supply chains became global. The whole world participates in the production of motor vehicle parts and there is constant competition between countries and factories to provide high-quality parts at the lowest possible prices.

Such a philosophy of production and doing business proved to be good in regular times, but in times of crisis, such as the crisis with Covid-19, problems have emerged in the sense that supply chains have been halted. An additional problem lies in the fact that the pandemic did not hit the whole world at the same time, so in some period production stopped and then continued, but when the crisis ended in some countries or regions it was just beginning in others, which made it even more difficult to establish a normal supply chain for vehicle factories.

The speed at which the car industry in Europe will recover depends greatly on the willingness and ability of citizens across Europe to buy new cars.

What is good is that, by all accounts, the crisis in Europe is coming to an end, car factories are returning to work, and – as they are dependent on their suppliers – they are also relaunching their suppliers’ productions of parts.

Serbia is a country where large factories producing motor vehicle parts arrived in the previous period, which employ a large number of people and have a contribution to GDP that has been growing from year to year. The standstill in the production of cars, primarily in Europe, and thus the standstill in the production of automobile parts in our country, will certainly impact on the Serbian economy. More accurate forecasts regarding the extent of the fall in production and sales of cars and car parts this year are really not easy to predict, and I think that in the future that will depend greatly on the willingness and ability of citizens across Europe to buy new cars.

I really don’t expect that the fleeing of investors from our country will follow. This was also confirmed to us by representatives of BME – Association Supply Chain Management, Procurement and Logistics, Germany – who used their recent online conference, entitled “SEE Automotive Conference 2020” and traditionally organised by the Serbian Automotive Cluster, to present their analysis that major car manufacturers are not expected to move towards changing their suppliers.

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Comment by Zoran Panović

Legacy And Disquiet

By calling on the presidents of Turkey, Serbia and Croatia – Messrs Erdoğan, Vučić and Milanović – Bosnian Serb leader Milorad Dodik (seemingly narrow-minded,...

Cvijetin Milivojević, Political Scientist

Freedom Is More Important Than Money

Alongside the concentration of economic levers of power in the hands of the Serbian progressive party, the propaganda occupation among the most influential media...

Danica Popović, Professor Of The Belgrade Faculty Of Economics

We Will Pay, Of Course

Media freedom is the first and most visible confirmation of whether or not democracy is functioning. Money is, of course, behind that, and it...

Vladimir Gligorov, Economist And Political Scientist

A Hand In The Budget Replaces Force

The advantage that those in power have – primarily the budget and propaganda – should prevail over political failures and hitherto unprecedented corruption. That...

News

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