Press Release: How Europe can use R&I to become more resilient in strategic sectors, securing supply and value chains
On June 23, Knowledge4Innovation hosted the 5th virtual debate to talk about the important role R&I plays on building a more resilient Europe. The COVID-19 crisis has brought to the table questions on how to bring back value chains to Europe without harming international trade and globalisation trends, in order to become more resilient.
This time, we had the pleasure to speak with Mary-Veronica Tovsak-Pleterski, Cabinet Commission President Von der Leyen; Bernd Schäfer, CEO and Managing Director of EIT RawMaterials, and Carlos Lee, Director General of the European Photonics Industry Consortium. As co-hosting MEPs we had Maria da Graça Carvalho, chair of the K4I Forum, and Susana Solís, Member of the K4I Forum.
Ms. Tovsak-Pleterski stressed the importance of the moment we are currently living and described it as a historic point for EU integration. The need for massive investment is urgent as governments all over Europe do not enjoy the same financial capabilities. Moreover, she explained how the interconnectivity of the industrial ecosystems has been challenged as a result of the crisis, creating two main priorities for the upcoming years: the revitalization of the single market and the diversification of the industrial ecosystem in order to have strategic autonomy. She also remarked the important role innovative SMEs play in this regard.
Bern Schäfer elaborated on the idea of Europe’s dependency on foreign partners, and explained how this is going to represent a problem in the future, with the increase of international competition for raw materials. It is in the interest of Europe to repatriate the production of some raw materials in order to overcome the disruptions between demand and supply.
For his part Carlos Lee has presented a clear example of innovative industry in which Europe is leader, the photonic industry. Europe has the world’s leading photonic association and photonics are a means to increase resilience, as it can be employed in sectors ranging from agriculture to health.
As a whole, the debate evolved around the need for the European Union to decrease its dependency on partner countries and the role of funding in this task. The speakers agreed on the importance of a coherent strategy to strengthen the value chain without disrupting international trade, and emphasized innovation as one of the main drivers of it.
This Tuesday, I had the honour to join the @k4innovation debate on the new #IndustrialStrategy to highlight the important role and the @EITRawMaterials vision of developing #rawmaterials into a major strength for Europe. #ConnectingMatters #EUgrowthhttps://t.co/tyHTVd5oyA pic.twitter.com/T0cguEiHm4— Bernd Schäfer (@schaefer_eitrm) June 26, 2020