Boosting Europe’s Industries

Europe’s industrial landscape is still dynamic, diverse, and certainly globally interconnected. To maintain and enhance competitiveness, the European Union must adopt strategic measures that promote innovation, efficiency, and sustainability.

We’ve got to invest in innovation

The EU should double down on R&D spending. Encouraging both public and private investment in cutting-edge technologies to drive breakthroughs. We’ve also got to foster collaboration between businesses, academia, and research institutions. Joint efforts can lead to technological advancements that benefit all of us, not just our industries. But we’ve got to go beyond throwing money at it. We’ve got to actually implement these relationships.

We’ve got to bring the price of energy down

Reducing energy costs is critical for industrial competitiveness. Everyone tells us that. It’s common sense, we’ve got to do it. So we’ve got to diversisy energy sources, at scale, fast and slash prices in the process. Big ask, but we’ve got to deliver. Partners are playing at an advantage we don’t have, and we keep adding disadvantages for our own businesses.

Get rid of unneeded bureaucracy

We’ve got to streamline regulations to enhance business agility. The DP proposes a Commissioner with the specific agenda of bringing regulation into the 21st century. Easy to navigate, helping our business grow, instead of employing more people in compliance than the actual business itself. We’ve got to foster a supportive ecosystem for businesses to thrive.

Europe’s commitment to the ecological transition and sustainability should align with its drive for economic growth and global competitiveness. Europe must strengthen its industries and remain a formidable player on the world stage. There’s a lot more work to be done, more than I’ve covered here. But I want you to know that’s on my mind, not just from a business perspective, from a strategic and geopolitical perspective too.

We’ve got to work for Europe, all Europeans, in the interest not only of ourselves, but the entire world. An EU that thrives, can inspire and motivate the rest of the world.