Recently Deloitte released their third biennial cost survey. The survey is conducted among Fortune 1000 companies.
While the entire report is noteworthy, a couple of notable excerpts include the following:
Businesses today are just as committed to cost reduction as they were in the depths of the global recession. The main difference now is that many are focused on cost-cutting as a way to drive growth, rather than as a way to survive or avoid insolvency.
…according to the survey, the likelihood of cost reduction over the next 24 months is even higher for companies with rising sales (78 percent) than it is for companies with sales that are flat or down (70 percent).
The report also lists the top three reasons for cost management and shows various dynamics of cost reduction programs, such as why cost reduction efforts fall short.
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StratX, LLC is a management consulting firm and strategic advisory that focuses on the analysis of current and future weak(ening) economic conditions, and offers businesses and other entities advice, strategies, and actionable methods on how to optimally adapt to such challenging, complex conditions.