These are the results of representative surveys by the Family Businesses Foundation, which were collected by the Munich Ifo Institute for the Foundation’s annual monitor. For the study, which is available to the German Press Agency, 2,452 companies were surveyed from May to June. In October, 1,104 companies from this group took part in the survey again.
In the Corona crisis, politics had decided on aid programs worth billions to secure jobs and companies. Most companies do not need any “government support”, but all of them need good and solid framework conditions to secure and build up equity and liquidity, according to Rainer Kirchdörfer, CEO of the Family Businesses Foundation. A significant expansion of tax loss carry-backs would be the best way to make companies more resilient in times of crisis.
Business has long been demanding this. Companies should be able to offset losses caused by the crisis against profits from previous years for tax purposes. In the black-red coalition, however, an expansion of this instrument is controversial.
The study also said that the pandemic had not led to widespread relocation of production abroad or domestically. The survey does not provide any evidence for the sometimes suspected trend towards a “deglobalization” of supply chains, they say. Only three or two percent of the companies are planning to relocate supply chains to Germany or abroad. The expansion of warehousing or changes to the supplier network are more important for companies.
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