Russia

A serious problem in the current phase of development of Russia, which is heading for a fundamental modernization by promoting and implementing innovative technologies, is the acute shortage of qualified personnel, existing in many sectors of the economy. The causes of this problem vary and are determined by historical, political, economic and social factors.

Within the BRIC states the Russian economy seems to be a latecomer. Especially in comparison to China’s economy, which has grown with rates up to eleven percent during the last years, the Russian economy develops more slowly. However, Russia’s economy still offers good opportunities to foreign countries. In particular large public funded investment projects for modernising Russia’s infrastructure will require foreign technology and corresponding machines within the next years. With an increase in demand, the choice of a suitable supply chain strategy becomes more and more important for foreign companies participating in the Russian market.