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22.10.12

Automotive & Industrial: Amrop Bucks the Market Trend

Duesseldorf

Amrop has seen a positive development this year in its Automotive & Industrial practice, bucking the general trend in the sector. Especially outside of Europe, the data basis for the next three years' strategic planning is positive.

Although the markets in Greece, Spain and Italy are dampened by the current economic uncertainties, Amrop still managed to buck the market trend, exhibiting strong growth in countries like France, Turkey and Poland. While Germany is no exception to the generally difficult situation, German companies have been able to compensate to a certain degree with greater overseas involvement, leading to a rise in the number of mandates exported to non-European countries. Central and Eastern European businesses have also been able to hold their own, some of them experiencing notable growth.

These upbeat messages characterized the general sentiment at this year's European meeting of Amrop’s Automotive & Industrial Practice. A total of 18 members from 12 countries around Europe came together recently in Brussels for an intense exchange of views on the current situation in the European markets, on developments in the industry and Amrop's market positioning going forward. There was general agreement that developments in the Eurozone would be particularly critical.

Agreeing on the strategic plans for 2013 through 2015 was another key priority for the meeting. This involved defining the industry focus within the Industrial segment and among key accounts, and determining the preferred-supplier strategy for the region and worldwide.

The highlight of the meeting was the keynote speech by Alexei Ustinov, Executive Managing Director, Europe & Middle East Distribution, at Cummins Engines, who addressed the issue of how strategy formulation and leadership need to work in harmony with executive selection and continuing professional development in order to implement a corporate strategy rigorously and successfully.

About Amrop’s Automotive & Industrial Practice

Amrop’s Automotive & Industrial Practice encompasses 65 consultants from all of the main industrial markets. The global Practice is led by Dr. Ulrich Beckendorff, Matthias Rodewald and Hans-Matthias Ruppert, with the support of Dr. Jürgen Paulus (South America), Felipe Rivelles (North America), Igor Chugay (CEE) and Wendy Kang (Asia Pacific) in the regions.