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COST STRUCTURE MANAGEMENT & RISK MITIGATION 2023

2023-01-04

HOW TO DEAL WITH RISKS & OPPORTUNITIES IN 2023

In 2023, we are confronted with many global risks and opportunities.


INFLATION

China is rather independent from price changes at international markets for raw materials. As China is our major production location, GSN‘s risk towards inflation is lower than in the Western part of the world. To further mitigate the risk of rising costs, we will move our level of automation even closer to 100% in 2023.


ENERGY COSTS

GSN‘s costs for energy in China have remained stable during 2021 and 2022. We expect the same for 2023 and rate this risk as low.


POLITICAL RISKS

Sadly, the world is not a fully peaceful place. We strongly hope that all conflicts between countries will be handled in a peaceful manner only. Our value chain is ready to adapt to changes to the current status quo within a few months time.


ECO-SOCIAL IMPACT

The human species causes a large eco-social damage foot-print that goes far beyond climate relevant damages. At GSN, we strive for innovation to mitigate GSN‘s overall eco-social footprint. We regard this as a positive challenge and we will enhance our status as eco-social best-in-class role model in the electronics industry.


GLOBAL ELECTRONIFICATION

More and more electronics is being used in almost all products globally. GSN will continue to develop new technological solutions to make the world a better place. 


This is our perspective at GSN.

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