“The effects of the COVID-19 pandemic will fundamentally change the economy”, explains Christian Saxenhammer. He also outlines the most important trends and their impact on entrepreneurs, especially in the automotive sector. In particular, the trend towards consolidation - i.e. the number of takeovers and the move away from many smaller businesses and towards larger companies - will continue to increase as a result of the virus. Those companies that still have sufficient capital after the crisis will take the opportunity to cheaply acquire financially distressed family businesses.
Read full interview, here.