German Family Business Day 2018 revolved around the reorganization of the global political and economic environment. Since the UK’s decision to leave the Single Market, the European Union has been undergoing a process of self-discovery. Trade policy rifts are opening up across the globe.
The challenges posed by this were a topic of discussion among some 300 owners of large family businesses, the finance ministers of Germany and France, Olaf Scholz and Bruno Le Maire, and the UK’s chancellor of the exchequer, Philip Hammond. Another speaker was Annegret Kramp-Karrenbauer, secretary general of Germany’s CDU party.
Businesses face not only difficult a difficult geopolitical environment, but technological challenges posed by the digital transformation of industry. In two working groups focusing on “Industry” and “Retail and consumer goods”, business owners and experts discussed how family businesses can shape the digital transformation.