25 years Satellite Office

20. July 2022

Kick-off event in Düsseldorf with keynote speech and discussion

Small and fine was the setting of the exquisite event at the Satellite Office in Düsseldorf. Satellite Office’s 25th anniversary this year must finally be celebrated. Like precious pearls, many small birthday events will string together this year. Everything revolves around the five senses: hearing, touch, taste, smell and sight. The idea is based on the pureSilent© philosophy, which focuses on the five senses in the interior design of workplaces and conference rooms. Anita Gödiker developed this concept in 2018. The pureSilent© philosophy has meanwhile been awarded several architectural prizes.

Yesterday, the focus was on the “sense of hearing”. Thirty invited guests listened spellbound to a keynote speech by Carsten Mumm, Chief Economist at the private bank Donner & Reuschel. No wonder, because Carsten Mumm spoke about an extremely topical, very touching subject: the escalation of the Ukraine conflict, which is causing supply chains and sales channels to falter for the second time in a very short time. In parallel, already increased raw material and energy prices are exploding. In the fall, energy-intensive industries may even be threatened with rationing, for example of electricity. Against this background, what are the prospects for Germany’s export-oriented model of success in the years ahead?

Carsten Mumm on this yesterday in Düsseldorf: Russia’s actions are accelerating a very significant turning point that has been underway for a long time: the end of ever-advancing globalization. Already since the trade conflicts initiated by Donald Trump and due to the impact of the Corona pandemic on global supply chains, the need for greater independence emerged. The ubiquitous buzzword is resilience. In the future, companies will no longer focus exclusively on price when purchasing their upstream products, but will diversify supply relationships, increase warehousing or even bring back to Europe production that was outsourced abroad years ago. States will reduce dependencies in the supply of energy and raw materials and invest in health care, infrastructure and education. In addition, other megatrends such as the decarbonization of production and mobility as well as digitization and ultimately also demographic developments are bringing massive pressure for change and enormous investment needs. The German economy is strongly affected by all the developments mentioned. Society, the state and the economy will have to adapt accordingly. The keys include more education, research and innovation, speeding up planning and application processes, and increasing people’s participation in the productive capital of the national economy.

We would like to thank all our guests in Düsseldorf and especially Carsten Mumm for this exciting insight into the prospects for the German economy. At the next 25th anniversary event in Frankfurt, the focus will then be on “tasting”. Because the “taste is the love of beauty”. We will keep you up to date on this!