This publication addresses the alarming situation concerning skills shortages in science, technology, engineering and mathematics (STEM) in the EU. This lack of talent will have severe consequences not only on the competitiveness of individual companies but also on the economy at large. BUSINESSEUROPE's members consider shortages of STEM-skilled people to be one of the key obstacles to economic growth in the years to come. Moreover, it hampers the potential of European business to contribute finding solutions to modern challenges, like climate change and the ageing of the population. Companies across the EU have taken actions in order to increase the supply of STEM-skilled workers. However, they cannot do this alone. A stronger commitment and more joint efforts are needed from national governments and education providers.