At the IAA TRANSPORTATION, the world’s leading trade fair for mobility, transport, and logistics, I talked to a Chinese salesman from Shandong province. He said since COVID-19, the Chinese economy is worsening every day, describing the Chinese economy and their order situation as “poorly”. He was working on a commission basis for an industrial robotics company. His base salary – he said – is only covering his “insurances”, nothing more. When a sales person like this talks, you listen. His livelihood depends on actual transactions, not theoretical models. The overall quiet at most supplier booths at the exhibition only amplified his concerns.
Are we prepared for a future where the workshop of the world falls silent?