Equally, new market conditions provide a unique opportunity to revitalise a business, using the crisis to unite stakeholders to face the difficult challenges necessary to enhance competitiveness. Against a background of rapidly moving changes in the market, a strategic approach to surviving the economic downturn should include a complete review of business/operations/key drivers/risks, ensuring working capital is "working“, cost bases are effectively managed, that key talent is nurtured and an innovative approach is taken to operations, products and markets. Those that honestly ask themselves what their real challenges are have a better chance of turning these challenges into business opportunities.
How PwC can help you
PwC has strong credentials in helping clients with effective business management through performance improvement, financial and operational effectiveness, cost reduction, treasury and cash management. Our network of manufacturing industry experts worldwide works with our teams in these areas to support clients in finding the right solutions which will help them through the challenging short term financial environment and build towards sustainable long term business practices. Our experienced transaction services specialists can help clients re-evaluate acquisitions strategies and assess opportunities for divesting non-core divisions to streamline operations.