In this Issue:
- Latest German American Business Outlook released
- Our New Year's Reception: Lufthansa CEO Carsten Spohr
- Upcoming virtual events
- Biz Kaffee podcast with Chris Dimou of Roto Frank
- Corporate Culture discussion
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German American Business Outlook 2021
German companies in the US remain profitable despite COVID-19
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German companies continue to remain overwhelmingly optimistic about their business prospects in the US, expecting further growth and robust profit margins. All this despite the daunting challenge of the COVID-19 pandemic. That’s the key finding of this year's German American Business Outlook (GABO).
More than 200 GACC members and other representatives of the German-American business community logged on for our virtual presentation of the survey results. Andreas Fibig Chairman & CEO of International Flavors & Fragrances (IFF) welcomed the guests and acknowledged the GACC sponsors whose support make the event so successful.
The survey results were tabulated by KPMG Germany and presented by Andreas Glunz, Managing Partner International Business, KPMG Germany. Prior to Mr. Glunz's presentation, Matthew Luzzetti Chief US Economist and Head of US Economic Research at Deutsche Bank in New York provided insights on the US economy.
The program included a panel discussion on the implications of the survey results. The panel was comprised of business leaders in the German-American business community:
- Antonis Papadourakis | CEO at Lanxess,
- Peter Riehle | President and CEO of WITTENSTEIN holding Corp.
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Crispin Teufel | Chief Executive Officer at Lincare Holdings, Inc.
Katrin Zimmermann, Managing Director, The Americas, TLGG moderated the panel.
The report received extensive media coverage as well. Including to date: Handelsblatt, Börsen-Zeitung,dpa/AFX-Line und WZ Westdeutsche Zeitung Düsseldorf.
GABO events were also organized by the GACC Philadelphia and in Boston, where the GACC partnered with the German American Business Council (GABC) to present the survey results. Consul General Nicole Menzenbach of the German Consulate General Boston was among the many noteworthy guests at the Boston GABO forum.
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Lufthansa CEO Carsten Spohr featured speaker at GACC NY New Year's Reception |
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Carsten Spohr, CEO of Lufthansa Group stressed the importance of the aviation industry in promoting transatlantic relations for the flow of data, money, culture, goods and, most importantly, people.
More than 190 participant logged on to our virtual New Year’s Reception featuring Mr. Spohr as keynote speaker. The event concluded with a lively virtual networking session.
He spoke about how the aviation industry - and specifically Lufthansa - is faring during the pandemic. LH passenger flights to the US are still quite limited, however, the carrier is generating cash with cargo shipments, including transporting much needed medical supplies around the world. LH has proved itself a leader in commercial aviation when it comes to developing innovative safety and testing measures during the pandemic.
Check out Lufthansa Group for Business for country regulations, current flight routes and the informative and entertaining Flying Reporter videos.
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Don't miss out on our programs & events! |
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We invite you to join our complete array of webinar series and other virtual programs. Upcoming topics include:
Please click HERE for a complete list of our programs and events.
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Annual sponsorship packages now available |
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If you haven't already done so, we encourage you to review our valuable sponsorship programs, providing you with unique, entertaining, engaging and relevant new ways stay connected and succeed in the German-American business community
We greatly appreciate your dedicated support of our mission and hope that you'll sign up for one of our 2021 Sponsorship Packages that include new and existing offers to promote your business.
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Check out our most recent Biz Kaffee podcast interview with Chris Dimou, President Roto Frank Group The America.
This podcast series was specifically created for our chamber. It features a casual conversations with the heads of companies in the German-American business community. They chat about how their company's business strategies and corporate culture have adapted for success in the US.
We hope you like what you hear, and we’d love to include you in a future session. Contact jfreeman@gaccny.com
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Our AHK-USA member directory is now live |
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GACC members now have quick and convenient access to a list of other GACC member businesses throughout the US via our online directory.
You will receive your individual login info shortly. Once you have it please visit ahk-usa.com to login and see the list of participating companies and their services.
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HR specialists discuss importance of corporate culture |
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Our Insights on Corporate Culture forum featured candid discussions on what can and should be done to ensure a trusted work environment and productive workplace as the rules of engagement have been upended by the pandemic.
How are companies empowering/motivating a distributed work force and measuring team productivity? Can collaboration and idea exchanges still effectively occur when employees are not all in the office at the same time?
The forum featured experts representing large and small German businesses in the US:
- Heather L. Morgado, Associate Director U.S. Diversity, Inclusion, Culture & Equity, Boehringer Ingelheim, Inc.
- Ingrid Astudillo, Director Human Resources, Miele
- Alexander C. Schaper, Managing Director, fable+
They shared what the corporate cultures at their companies are like and spoke on how they have adapted their appoaches to disruptions caused by the pandemic. They all agreed that transparency and an actively engaged leadership is now more important than ever.
Please visit our MEMBER PORTAL to view the recording of this and other virtual forums.
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Dagmar Cassan International Group LLC
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Don't forget to include any job openings your company may have when updating your corporate profile on our Member Portal!
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With comprehensive visa restrictions recently implemented by the US, exchange visitor applications are among the many visa categories being impacted.
GACC NY is an official sponsor for J-1 visas in the categories of "Intern" and "Trainees".
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Trade shows have been hit hard in these Corona Virus times. All shows in Germany have been either cancelled or postponed, prohibiting meetings or deals that may otherwise have been concluded.
With this in mind, we’d like to offer you another means to connect with potential clients. Messe Munich has an online program called Trusted Targeting. It allows you to target your potential clients and get your name and products in front them without leaving your home office. You need not be a client of Messe Munich, it is offered to EVERYONE.
- Trusted Targeting can be used in various ways.
- Lead Generation
- Cross industry testing (how popular is your product among other sectors of your industry?)
- Building brand awareness
- Trade Show preparation (maybe not relevant right now, but for future use)
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CONTACT
James Freeman T: +1 (212) 974-8855 | F: +1 (212) 974-8867 | E: jfreeman@gaccny.com
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German American Chamber of Commerce, Inc.
80 Pine St, 24th Floor, New York, NY 10005
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