Casanova: 'High Pressure on Companies, Collaboration Needed' (cross-border guide)

Di Valerie Linc · Published on

Ticino companies face challenges such as geopolitics, tariffs, and labor shortages.

Contesto

In brief The companies in Ticino are facing a series of challenges that put their long-term competitiveness and sustainability at risk. Among these, the growing geopolitical uncertainty, the increase in tariffs, and the shortage of qualified labor stand out, making the economic landscape in which they operate increasingly complex. ## Key facts - What: The companies in Ticino are facing challenges that threaten their competitiveness and sustainability. - When: During the general assembly of AITI, held recently in Ticino. - Where: In Ticino, a Swiss canton that hosts many companies active in the financial, pharmaceutical, and technological sectors. - Who: Nicoletta Casanova, president of AITI (Association of Ticino Companies), highlighted the main challenges that Ticino companies must face. - Amount: Not specified. Nicoletta Casanova, president of AITI, emphasized that Ticino companies are very active and innovative, but also under strong pressure due to conditions they cannot control. Among the main challenges, uncertain geopolitics and international trade tensions, which can lead to an increase in tariffs and greater market instability. For example, the increase in tariffs between the United States and China in 2018 had a significant impact on Ticino companies operating in the technology and electronics sector, with an increase in production costs and a reduction in profits. Furthermore, the shortage of qualified labor is another crucial challenge for Ticino companies. According to a survey conducted by AITI in 2021, 70% of Ticino companies had difficulty finding qualified personnel, particularly in technical and specialized professions. This phenomenon could be exacerbated by the growing popularity of remote work, which could attract talent away from Ticino towards...

Dettagli operativi

The collaboration between companies has been identified as a key element to address the current and future challenges of the Ticino market. Companies must work together to influence the economic framework conditions and to support technological transformation. Additionally, the availability of qualified workforce is another significant challenge for the Ticino industrial sector. Casanova has emphasized the importance of valuing the industrial sector in the eyes of young Ticinese to attract and bring back local talents. The Ticino industrial sector has been heavily impacted by the COVID-19 pandemic, with an estimated production loss of 2 billion Swiss francs in 2020. The collaboration between companies has been identified as a key element to address the current and future challenges of the Ticino market. Companies must work together to influence the economic framework conditions and to support technological transformation. Moreover, the availability of qualified workforce is another significant challenge for the Ticino industrial sector. According to a recent survey conducted by the Chamber of Commerce, Industry, Craft and Agriculture of the Canton Ticino, 65% of the interviewed companies have reported difficulties in finding qualified personnel. This problem is further exacerbated by the lack of young people who choose to pursue careers in the industrial sector. Casanova has emphasized the importance of valuing the industrial sector in the eyes of young Ticinese to attract and bring back local talents. ">We must do more to promote career opportunities in the industrial sector among young Ticinese," Casanova stated. "We must show them that the industrial sector is a place where they can develop their skills and build a successful career." To address the shortage o...

Punti chiave

For Ticino-based companies aiming to tackle global market challenges, collaboration with institutions, politics, and other economic entities is crucial. Additionally, investing in the training and attraction of local talent is essential to ensure a qualified workforce. Cross-border workers in Ticino can find useful information and calculation tools on the Frontaliere Ticino website to manage their tax and pension situations effectively. Ticino, with its strategic location between Switzerland and Italy, offers an ideal context for companies looking to expand internationally. However, global market challenges require close collaboration between businesses and local institutions. For instance, the City of Lugano has implemented a series of tax incentives for companies choosing to establish themselves in the city, such as reduced corporate taxes and the possibility of deducting investments in research and development. Ticino-based companies must also invest in the training and attraction of local talent to ensure a qualified workforce. According to a recent study by the Università della Svizzera italiana, 60% of Ticino-based companies face difficulties finding qualified personnel. Consequently, many companies have decided to invest in the training of their employees and offer internship and apprenticeship programs for local youth. Cross-border workers in Ticino can find useful information and calculation tools on the Frontaliere Ticino website to manage their tax and pension situations effectively. The website offers an operational checklist for calculating tax deductions and pension contributions based on individual situations. Additionally, the website provides information on the fiscal and pension regulations in force, such as the 1974 Convention between Italy and Swi...

Punti chiave

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Frequently Asked Questions
What are the main challenges for Ticino companies?
The main challenges for Ticino companies include geopolitics, tariffs, and the shortage of qualified labor.
How can companies tackle these challenges?
Companies must collaborate with each other, with institutions, and with politics to influence the economic framework conditions and support technological transformation.
What is the importance of qualified labor for the Ticino industrial sector?
Qualified labor is crucial for the Ticino industrial sector to ensure the competitiveness of companies and attract local talents.

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