The Ten Biggest Challenges for Tool and Mould Makers in Europe

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9. Don’t neglect liquidity and investment

It has already been observed for some time that customer companies, especially from the automotive sector, abuse tool and mould makers to improve their own liquidity, or at least try to do so. Companies with a very narrow range of customers are especially vulnerable to blackmail here. And quite a few tool and die makers have disappeared from the scene during the pandemic because of such machinations. However, there are also courageous companies that have managed to break free and have now turned the corner from almost one hundred per cent automotive manufacturing to new customers from other sectors. Mostly, these are the innovative companies whose know-how is now lacking in the automotive sector.

A young machine park that can cover the required machining operations requires regular investments and continuous further development along the lines of what is technically feasible and economically sensible. Especially against the background of liquidity, investments are often difficult to handle, especially since the banks do not always play along. Yet investments in machines and automation solutions, are urgently needed right now. In the pandemic, the willingness to invest and adapt to market conditions made the decisive difference in many cases. Quite a few of the insolvent companies were simply no longer technically able to keep up with the changing requirements.

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