Timerover51
SOC-14 5K
The general impression I get is they had reasonable light arms and very good artillery, very good gun navy, but not good operational art/generalship and were sorely lacking in top tier armor and air equipment.
Another factor that did not help was Mussolini's decision to convert the Italian Army from a triangular division, with three regiments per division, to a two-regiment division. Aside from increasing the command and support unit needs by 50%, it also posed a serious problem for the division commander. Does he put one regiment in line and hold one in reserve, does he put both in line with no reserve, or does he put both in line but holds a battalion of each regiment in reserve as an ad-hoc combat group. Those are not real good choices.
The air problem basically was the result of Italy mobilizing in 1935 with the start of the Ethiopian War, followed immediately after by Italian intervention in the Spanish Civil War. That locked them, to a great degree, with 1935 technology, at a time when technology was literally changing every year. Against that, the SM-79 Spaviero 3-engine bomber was possibly the best land-based torpedo plane of the war.