The effects of coronavirus are hitting us all hard. Lockdown restrictions and social distancing, reduced working hours, store closures, slumping sales markets, production stoppages, and disruptions in supply chains are just a few of the issues that show we are currently facing an extraordinary situation that is existential for many companies. For businesses, this means they need to act and react quickly. Meeting short-term liquidity needs is the top priority.
However, this also carries the risk that companies will lose sight of strategic, structural, and medium-term operational challenges. Companies in the automotive sector also face another serious problem: steadily increasing cost pressure coupled with declining market volume due to factors such as alternative drive concepts. The printing industry is another example: in addition to a process of consolidation, this industry is experiencing extreme cost pressure and a significant change in end consumer behavior (digitalization, environmental awareness leading to zero-paper concepts, etc.). It is therefore necessary to reposition oneself.
However, a crisis should always be seen as an opportunity to focus on the future and become more profitable.
A three-phase approach can help you navigate these uncertain times in a structured manner and position your company for future success:
- Ensuring short-term liquidity: this step ensures that the company remains solvent during the coronavirus crisis. This means that measures such as applying for short-time work benefits or other subsidies or loans must be implemented. You can find concise further information and support offers from the i-unit group at coronahilfe.i-unit-group.de
- Increasing earnings by consolidating core business activities: The aim of this step is to clarify core competencies, focus on them, and reduce costs through company-wide improvements.
- Strategic alignment of the business: For example, new markets or business areas are developed based on core competencies.
A high level of financial expertise with a strategic view to the future, as well as in-depth expertise gained from numerous successfully completed restructuring projects, prove that the i-unit group is also the right partner for you when it comes to these historic challenges. Our ultimate goal is to successfully implement a practical solution and thus ensure the long-term success of your company.
