Europe’s competitiveness is weakening and many firms are considering moving operations to North America, a survey of business leaders from the region has found.
The survey (pdf), published by the European Round Table for Industry (ERT) on May 23, found that 84 percent of CEOs and Chairs believe Europe’s competitiveness is weakening, with 16 percent saying that it is “weakening significantly.” Just seven percent consider Europe as maintaining its competitive position. Among participants, 57 percent expect their companies to move investments and/or operations to North America while 32 percent see it shifting to Asia, excluding China.
