Will we be dealing with a financial crisis or a small economic contraction? We see that leadership is struggling to navigate through the maze of mixed messages. To stay on top of uncertainty, you need to start with reflection before making the call to action. It helps you to stay vigilant and agile in the face of economic and geopolitical uncertainties. One thing is clear; several key measures indicate a heightened recession risk in the US and Eurozone this year. So, how do you conquer the recession? Unfortunately, there is no playbook that tells you what steps to undertake. However, we distilled some key-learnings from clients and market leaders: – Restructure costs pre-downturn while preserving vital resources – Reinvest selectively to outperform the competition – Manage liquidity and balance sheet for financial stability – Proactively pursue M&A opportunities Don’t be late to the party: act swiftly and adopt a proactive approach to ride out the downturn and sustain or even enhance your competitive position. What operational actions are you taking to build resilience?
