Italy-Lombardy - Industrial scenario
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Transcript of Italy-Lombardy - Industrial scenario
Italy and Lombardy in figures
Research Unit ‐ Internationalization and Business Development Unit, updated apr. 2015
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ASSOLOMBARDA is …
…. the largest local entrepreneurial Association in Italy,representing almost 5,000 member companies located in the areaof Milan (including the territory of Milan, Lodi and Monza Brianza),employing approximately 280,000 workers locally and severalhundred thousands in the whole country.
…. the most important association within the Confindustriasystem. Confindustria is the national entrepreneurial federation.
Firms of all dimensions and belonging to all industrial sectors,producing services, goods or both are eligible to become membersof Assolombarda.
Assolombarda membership is voluntary.
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Our Mission
The mission is to foster the development of local industryby promoting solidarity and cooperation among member firms andby protecting their interests regarding industrial, social, economicor cultural matters.
Assolombarda protects and represents the enterprises' interestsin dealing with the political world, with social and politicalorganizations and with local authorities as well as with tradeunions.
Assolombarda also provides its associated firms with a greatvariety of services to support them in managing the businessfunctions/issues.
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Identity ‐ Representation ‐ Services
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Our member companies are located in the area of Milan, Lodi and Monza Brianza
Lombardy
Milan
Assolombarda area of activity
Our territory
Our range of services
but …
Since the beginning, relations with trade unions have always been our core activity ….
in the last 10‐15 years we have started offering support and services to substainmember companies’ competitiveness and help them facing daily business life
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UnionRelationships
Tax services
Green Economy
Educationand Training
Safety
ICT/Innovation
Social welfareFinance and
credit
Internationalizationand trade
Enterprise culture & CSR
Energy
Nr employees Total %companies employees % companies % employees
0‐10 1,869 7,431 39% 3%
11‐25 1,096 18,352 23% 7%
26‐50 746 26,999 16% 10%
51‐100 503 35,476 10% 13%
101‐250 370 57,712 8% 20%
251‐500 124 41,146 3% 14%
More than 500 68 91,619 1% 33%
Total 4,776 278,735 100% 100% 7
62% of Assolombarda members have less than 25 employees
Our members ‐ 1
from 26 to 100 employees 1,249 (26%)
up to 25 employees 2,965 (62%)
over 251 employees192 (4%)
From 101 to 250 employees370 (8%)
Member companies ‐ Division by size
Member companies ‐ Division by sectors
Sectors Companies Employees
Mechanical engineering* 1,423 67,223
ICT and Service sector * 1,042 62,353
Chemical industry and Construction materials* 610 44,360
Media, Communication and Entertainment 312 14,409
Fashion, Design and Furniture 218 8,172
Tourism 165 5,616
Transport industry* 158 17,009
Rubber and Plastic industry* 157 7,866
Agricoltural and Food industry 116 10,479
Energy industry* 94 14,421
Healthcare and Life sciences 82 16,210
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Our members ‐ 2
*They include companies related to the oil and gas supply chain as well as new energies and environmental protection
Promoted by Assolombarda together with a group of companies active in thegreen economy sector, the Green Economy Network was established in June2011.With the aim of encouraging new alliances between companies providingproducts, technologies and services for environmental and energysustainability.
The Network is aninstrument to acquirenational and global marketvisibility, to find newpartners and to dobusiness, to take part intender and call for bids.
Green Economy Network
Enterprises25000
Employees50 Bn €
Enterprises9
Each company can choose to be listed in one or more of the followingsupply chains or thematic areas.
The on‐line Repertory is a precise showcase of the companies, based on thethematic sphere of competency which enhances their visibility andfacilitates partnerships.
www.greeneconomynetwork.it
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Summary
1. Italy and Lombardy: perception and reality
2. Lombardy’s Business structure
3. Lombardy’s strengths
Italy and Lombardy: perception and reality
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(*) Financial assets held by households include: currency and deposits, securities other than shares, loans, shares and other equity, net equity of households in life insurance reserves, net equity of households in pension funds, prepayments of premiums and reserves against outstanding claims
132.1
0255075100125150175200
NET GER AUT FRA SPA BEL IRE POR ITA GRE
Public debt as a percentage of GDP2014
70
0
50
100
150
200
250
NET BEL FRA GER AUT ITA SPA POR IRE GRE
Public debt as a percentage of Household net financial assets (*)
2013
13
1. Italy and Lombardy: perception and reality
Italian public debt: two different points of view
Source: Eurostat
90%
Source: Eurostat data processed by Assolombarda 14
Italian primary surplus: the highest cumulated value
1. Italy and Lombardy: perception and reality
Italy does not appear to face a risk of fiscal stress in the short‐term (S0 = 0.28).Sustainability risks appear to be medium in the medium run (S1 = 1.1), while becoming extremely low in a long‐term perspective (S2 = ‐2.1). However, the implementation of the budgetary measures and the adoption of structural reforms are essential to anchor market confidence and boost growth and jobs.
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Italian public debt in the long‐term: the highest fiscal sustainability
Source: Public Finance in EMU 2013 (European Commission)
1. Italy and Lombardy: perception and reality
S2 is a sustainability indicator based on forecasts for growth and fiscal balances, extrapolated by incorporating the projected trend in age‐related expenditure.
The EU Sustainability Ranking is a sustainability indicator based the long‐term perspectives of the public budget of EU Member States. Implicit debt essentially results from future legally‐binding obligations such as pension benefits and health care services. 16
Italian explicit and implicit debt: one of the highest sustainability
Source: European Commission, Eurostat, Calculations: Reserach Centre for Generational Contracts
1. Italy and Lombardy: perception and reality
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Italian manufacturing export performance2000‐2014 (billions of euro)
Source: Istat data processed by Assolombarda
Export record level
1. Italy and Lombardy: perception and reality
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Lombardy’s Business structure
Lombardy Italy shareArea (Square Km) 23,863 302,072 7.9%
Population (1/1/2014) 9,973,397 60,782,668 16.4%
Employees (thousands, 2013) 4,647 24,420 19.1%
GDP (nominal, mln euro, 2014) 345,755 1,541,937 22.4%
Value Added per capita (2014) 31,288 22,929 ‐
Enterprises (2013) 814,297 5,186,124 15.7%
R&D expenditure (mln euro, 2011) 4,456 19,810 22.5%
Import (mln euro, 2014) 110,248 361,002 30.5%
Export (mln euro, 2014) 108,096 390,233 27.7%
Source: Conti economici territoriali Istat and Annuario statistico regionale Istat 2014
0
10000
20000
30000
40000
50000
Milan Lombardy Italy
44,839
31,28822,929
VA per capita
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2. Lombardy’s business structure
The first Italian Region: in 2014, 22% of the Italian GDP
Rest of Italy78%
Milan10%
Gross Domestic Product
Lombardy22%
Manufacturing; 26,3% Information and communication ; 3,9%
Real estate activities; 2,0%
Professional, scientific and technical activities; 8,0%
Financial and insurance activities; 4,2%
Trade; 18,4%
Other; 37,1%
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2. Lombardy’s business structure
Lombardy vs. others: the first Region in terms of manufacturing gross value added
Source: Eurostat
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5144 41 41 36 35 32 30
0
20
40
60
80
Gross value added at basic prices,by region (Nuts2)
Industry (except construction) ‐ 2011billion of euros
Source: Istat, 2012
Workers in Lombardyby business sector
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2. Lombardy’s business structure
Medium Sized Enterprises (MSE) and MNC in Lombardy
1,136
665523
336208151113 99 81 73 61 61 60 58 41
0
200
400
600
800
1000
1200 Medium sized enterprisesper region
Source: Mediobanca‐Unioncamere, 2013
• most of the Italian medium sized enterprises(*) are concentrated in Lombardy and among them the “pocket‐sized multinational companies” are strongly export‐oriented.(*) independent companies with 50‐499 employees AND 15‐330 million € annual turnover
• over 4,000 foreign invested enterprises are present in Lombardy, nearly 50% of those present in Italy.
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2. Lombardy’s business structure
Clusters vs. supply chains
Metalwork and Metal productionTextileFootwear and clothing industriesFurniture and WoodBiotech and Green BiotechDesign and FashionICTMaterialsRenewable energies
Due to its well‐balanced and multi sectorial business structure, Milan has not developed the typical cluster features.
Indeed, the rich and highly product‐differentiated banlieu and the widespreadtransportation network have allowed Milan to become a realmetropolitan hub.
35.837.
0
10
20
30
40
50
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Export Milan (2003‐2014)(billions of euro)
World
EU‐28
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2. Lombardy‘s business structure
Export: main commercial partners
Source: Istat data processed by Assolombarda
22,6
15,045%
55%40%
60%
Repositioning on Extra‐UE markets:the case of Milan
Millions of euro
% change 2014-20081 Germany 14,529 1.7%2 France 11,378 -6.6%3 USA 7,339 24.9%4 Swiss 6,693 33.8%5 Spain 5,300 -18.1%6 United Kingdom 5,193 9.9%7 China 3,302 37.5%8 Netherlands 3,026 15.3%9 Russia 2,810 -1.9%
10 Turkey 2,684 31.5%
Export 2014
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Lombardy’s strengths
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3. Lombardy’s strengths
Research and Innovation: specialisation in knowledge‐intensive sectors
Source: BES 2014, Cnel, Istat and Eurostat
Italy Lombardy% of expenditure on R&S on GDP (2011) 1.25% 1.33%N° of patent application filed to the European Patent Office per million inhabitants (2010‐2009) 73.3 115.3% of employees with university education in scientific‐technological occupations on total employees (2013) 11.1% 11.4%% of companies (>10 emp.) which have introduced technological, organizational and marketing innovations in a three‐yearperiod (2010) 50.3% 54.0%
% of companies (>10 emp.) which have introduced innovations of product/service in a three‐year period (2010) 23.6% 28.4%% of people employed in technology and knowledge‐intensive sectors (2013) 3.4% 4.9%% of people aged 16‐74 who have used internet at least once (2013) 56.0% 61.4%
Source: Eurostat, 20133.7
3.8
4.1
4.6
4.9
France
Spain
Germany
United Kingdom
Lombardy
% of people employed in technology and knowledge‐intensive sectors (manufacturing and services)Lombardy vs. the most important European countries
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University: high concentration (13) and international attractiveness
Source: Assolombarda
3. Lombardy’s strengths
Source: Miur (Lombardy and Milan) and OCSE
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3. Lombardy’s strengths
The Politecnico of Milan is one of the most outstanding technical universities in Europe.
It is the largest school of architecture, design and engineering in Italy.
Thanks to a strong internationalization policy, many programs are taught entirely in English, attracting an ever increasing number of talented foreign students.
University: Politecnico of Milan, an example of excellence
Best European Universitiesin Engineering/Tecnology according to HR Recruiter Evaluation
Source: Politecnico di Milano, Qs Ranking, 2015
Rank Computer Science
MechanicalEngineering
ChemicalEngineering
ElectricalEngineering
CivilEngineering
1 Cambridge / Oxford Cambridge Cambridge Cambridge Oxford
2 Cambridge / Oxford Oxford Oxford Oxford Cambridge
3 LSE London Politecnico di Milano TU Delft ETH Zürich TU Delft
4 ETH Zürich Imperial College Imperial College
Politecnico di Milano
Politecnico di Milano
5 Imperial College RWTH Aachen Politecnico di
MilanoImperial College ETH Zürich
6 Politecnico di Milano ETH Zürich ETH Zürich TU Münich Imperial
College
7Lomonosov
Moscow State University
TU Delft RWTH Aachen Politecnico di Torino
The University of Edinburgh
Unemployment rate
Source: Istat, Eurostat
2014201320122011201020092008200720062005
Euro Area
Germany
Labour market: much better than Italy
Italy
Lombardy
2014201320122011201020092008200720062005
Activity rate
Euro AreaGermany
Italy
Lombardy
3. Lombardy’s strengths
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11.2
9.17.7
4.1
9.6
5.3
7.77.7
5.0
8.2
11.512.7
73.8
69.9
62.5
68.4
77.7
72.3
76.3
71.370.7
69.463.9
62.3
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3. Lombardy’s strengths
Labour market: high female participation
2014201320122011201020092008200720062005
Source: Istat, Eurostat
Euro AreaGermany
Italy
Lombardy
In Lombardy the female participation to labour market is almost 9% higher than in Italythanks to:
…more opportunities for women to reach relevant positions/roles in their firms…
…diffusion of part‐time contracts (25% among working women)…
…welfare initiatives both by large private companies and public institutions (78% ofmunicipalities provide services for children, such as kindergarten).
Female activity rate
66.9
61.858.4
50.5
70.4
64.4
60.051.1
72.9
66.763.1
54.4
5.7
3.7
11.9
7.9
7.5
6.7
2.7
10.2
8.2
8.1
0
5
10
15
20
25
Euro Area Germany Italy Lombardy Milan
Source: Eurostat, Istat, Formaper
% Young people (aged 15‐24)Not in Employment and not in any Education and Training
2014
NEET (1)NEET (2)
searching for a job
30
Labour market: NEET in line with the Euro Area
6.4
12.4
22.1
16.1 15.6
not searching for a job
3. Lombardy’s strengths
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Why are Lombardy and Milan a knowledge hub?
Because here you find:• a multi‐sectorial economic system, with a core manufacturing sector
integrated with a highly developed service sector (especially in Milan);
• a virtuous network of small and medium enterprises well integrated with large enterprises and multinational companies;
• the concentration of 13 long‐standing and prestigious universities, strictly connected with the entrepreneurial system;
• a strong specialization in knowledge‐intensive sectors and the availability of high‐skilled human capital.
A knowledge hub3. Lombardy’s strengths
Milan is hosting EXPO 2015:
“Feeding the planet, energy for life”(May 1st ‐ October 31st)
Expo Milano 2015 is a unique opportunity for companies to:Showcase leadership, innovations and solutions in a global forumAttract the attention of institutions, governments and consumersBuild future strategic alliances and business opportunities
141 exhibitor countries
EXPO 20153. Lombardy’s strengths
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