The past 12 months have tested the ability of organisations to deal with unexpected events that were not even imagined in most contingency plans. Many of the world’s leading companies turned to PwC for help in dealing with the effects of the worst economic downturn since the Great Depression. Some clients were in the grip of an immediate crisis, while others were preparing for future shocks. Some saw their organisations overwhelmed by events and needed help in winding down their operations and maintaining or creating maximum value for stakeholders.

Those companies that make it through the current downturn know that the winners will be organisations that make the tough decisions now: those that remove unnecessary costs, protect their liquidity, manage risk, retain key talent and continue to invest in their future growth areas. Resilient organisations will be best positioned to succeed.