“We all hope that things will get better. This is not the first crisis, there will be others. We cannot control everything. This is a shake-up that reminds us that life and the environment are fragile. This crisis is just the first warning of what the future could hold.”

Renens, July 7, 2021: Dr. Yann Tissot, CEO of L.E.S.S. SA, was interviewed by EY to discuss his thoughts on the “new normal” and lessons learned from the crisis in the industry.

Below an extract from the interview:

Can you tell us about the overall environment right now?

We see a strong polarization among our automotive customers. On one hand, some large customers already well-established in the market are adopting a conservative strategy by massively cutting innovation budgets. On the other hand, new actors have emerged by turning the crisis into an opportunity and looking for innovation to enter the market. Concerning our first market, the equipment market, we have had to face harsh budget freezes and it is very difficult to plan the recovery of this segment in the short term. Nevertheless, there are still promising opportunities, which we will seize.

So, it is a form of evolution?

It was a very abrupt evolution at the start of the crisis and now it is beginning to ease off slightly. People have got used to the situation and they are gradually starting to plan for the mid-term again. It is still a very floating thing, but again, there are still ways to work constructively with our current and future clients.

For the full interview, click here