Lithuania is building up a reputation as a new go to location for automotive components manufacturing.
The success stories of Hella and Continental prove that, by providing investors with a unique mix of qualities to meet the ever-growing complexity of today’s automotive landscape,
Lithuania is on the right track to becoming a regional hub.
What are these value drivers? The quality and availability of the talent on offer, streamlined procedures and an integrated governmental strategy for the attraction of sustainable foreign investment, to name a few.
While traditional locations are suffering from a talent shortage, Lithuania is still an unsaturated market. This means companies that do decide to locate their operations in LT can plan ahead and scale their operations, both in size and complexity.
A recent study shows that 95% of foreign manufacturers are likely to recommend investing in Lithuania. Among the top Lithuania’s competitive advantages indicated in a study are: talented and motivated labour pool, strong work ethic and good cultural fit.
If talent availability is a hot topic in your organization, let’s meet at #VDATK20: Technischer Kongress des VDA.