Businesses that work with international suppliers face a significant challenge in complying with human rights standards. While some companies, like Böhler in Kapfenberg, may already have systems in place to meet these requirements, others may need to make significant changes to their operations.
In terms of workforce composition, many companies have a mix of workers and employees, with a small percentage dedicated to administration. Research and development activities are often integrated into production processes, especially when working with large customers on prototyping and product development.
One challenge faced by businesses today is the shortage of skilled workers. Austria’s dual training system provides a valuable resource for training the next generation of workers. By investing in apprenticeships and ongoing training programs, companies like SBO are able to cultivate a skilled workforce and retain employees for the long term.
High tax and labor costs in Austria can make it difficult for businesses to remain competitive. However, by focusing on technology and quality leadership, companies like SBO are able to offset these expenses. By emphasizing innovation and product differentiation, they are able to maintain their competitiveness in an ever-changing marketplace.
The energy transition presents new challenges for many industries, but companies like SBO see opportunities for growth in emerging markets like geothermal drilling, carbon capture, and hydrogen production. By leveraging their expertise in materials science and steel manufacturing, they are well-positioned to capitalize on these evolving industries.
Despite global events that can create uncertainty, such as the conflict between Russia and Ukraine
