Title: Strategy Proposals for the European Shipbuilding Industry: Setting Effective Industrial Policies1
Abstract: Since the early 2000s, member states of the European Union (EU) have tried to revive its shipbuilding industry by implementing various policies. Yet, many of these policies have not been effective. Based on Parc and Normand (2016), who analysed the reasons for their ineffectiveness, this article suggests alternatives for the European shipbuilding industry. For it to be competitive in the global market, this paper comes up with four key implications. First, European shipbuilders should pursue a differentiation strategy by optimising their production value chain. Second, by turning to automation (or robotisation), coupled with R&D, European shipbuilders can overcome limits to the size and quality of the labour force, as well as improve their ability to meet deadlines and lower costs. Third, in order to reach out to international markets, European shipyards should be more open to mergers and acquisitions (M&As). Last, they should improve access to financing by vertically integrating their production chains and making better avail of shipbuilding clusters. Too long..
Publication Year: 2016
Publication Date: 2016-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot