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Why do digital transformation and the green economy represent a new boom for French industry?

Pourquoi la transformation digitale et l’économie verte représentent-elles un nouvel essor pour l’industrie française ?

Digital transformation and the green economy represent an opportunity to bring a new industry to France. The current bill on green industry, which will soon be defended by the government, is essential for the future of France. Indeed, there is an urgent need to act in the face of increasing competition between public subsidies from the United States and premiumisation from China, to name but two. The old model in which all manufacturing is relocated is no longer relevant. In this article we will see why digital transformation and the green economy are an advantage for industry and what needs to be done to implement them?

1. Why are digital transformation and the green economy an opportunity for industry in France?

France must act quickly if it wishes to seize the opportunity to rebuild a new French industry. Indeed, France is currently in a phase of industrial decline and competition is increasingly important, particularly with the United States and China. The digital transformation and the green economy are the pawns to be advanced to ensure a new place in the world chessboard. In a few months, the opportunity for France to catch up will arise with the new bill.

Digital transformation and the green economy will force companies to invest in new machinery to meet current consumer demands. This will bring in factories that are emblematic of this new era. These places will recruit skilled employees and suppliers. There will be no more offshoring. Why are digital transformation and the green economy an opportunity for industry in France?

2. How can this be put in place?

First of all, we must act quickly. For the moment, France attracts mainly extensions of sites that already exist in other countries. A representative project would be the establishment of Toyota in Valenciennes, which was carried out at the beginning of the century, only nothing has happened since.

In addition, France must put in place new measures:

  • It should offer specific public aid and reduce the taxation of companies in this field.
  • Then it should move towards a more affordable carbon-free energy.
  • And again, it would be good to develop apprenticeships and recruit specialist engineers.
  • Then, certainly do a little more protectionism.
  • And, to offer turnkey building sites for industries.
  • And finally, to put in place simplified administrative procedures.

 

To conclude, the future of French industries is currently at stake. It is important for you, the industrialists, to seize this opportunity now. At Chetwode, we have put in place simplified and efficient financing solutions to enable you to invest in your equipment as well as your stocks. If you would like to know more, we would be happy to help.

La revue de presse de la finance industrielle

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