Most businesses experience business disruption in some shape or form, be it a change in market environment, a step change in technology, unforeseen micro, macro or political events or other changes impacting the top line. Depending on the circumstances different strategies are deployed to address the risks, but one thing is universally certain for all businesses if they are going to ride the storm: they will need to manage cost.
Reducing costs (Opex and Capex) will help your business manage a period of disruption or crisis by:
1. Staying viable during the downturn.
2. Protecting existing assets and key workforce so you are ready to take advantage of opportunities during or after the downturn.
Read the full insight on the Sia Partners website