Many small and medium enterprises in Germany have pushed ahead with digitalization in their businesses during the coronavirus pandemic. Nevertheless, Europe's largest economy ranks only 18th in this field in a European comparison, nearing the bottom third of countries in the European Union, the country's state development bank KfW revealed.
Up to and including the autumn of 2021, 35 percent of the 3.8 million SMEs in Germany had expanded their activities in terms of digitalization. However, the topic is still not a foregone conclusion, writes the development bank in its current "Digitalization Report" on the situation in SMEs: "Even in the fall of 2021, a quarter of SMEs are still not carrying out any digitalization activities. Another 6 percent have stopped or scaled back them during the coronavirus pandemic."
It is good that the pandemic has given many companies a push toward more digitalization, summarized KfW Chief Economist Fritzi Köhler-Geib in Frankfurt: "More companies have switched from emergency digitalization to a strategic reorientation. The task of economic policy is to support companies so that this impetus develops into a sustainable trend."
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