Pandemic Provides Catalyst for Business Transformation

FTI Consulting Featured in Article as Part of Raconteur’s Special Report in The Times

Adam Bradley and John Maloney, Senior Managing Directors in our Business Transformation team, explore the key operational areas that businesses should be considering to ensure that they are ready to harness potential opportunities and able to survive and thrive going forward.

This is an extract from Raconteur’s special report in The Times, first published on November 26, 2020. The whole publication is available at https://www.raconteur.net/report/business-restructuring-2020/

"Most companies have had to make profound operational changes as the second wave of coronavirus lockdowns were enforced around them. Some businesses, such as travel operators, leisure and hospitality players now face an existential threat and must make critical changes to survive and build resilience as the coronavirus pandemic continues. Others continue to see milder or even positive effects from the pandemic. But they too are looking to make rapid changes as they seize the opportunity to accelerate new ways of working.

Company boards are doing their best to cope in a snowstorm of activity and developments. But now they must stand back and see the big picture of how their business will operate over the longer term. They must ensure they are well positioned to harness potential opportunities in light of changing customer patterns and the wider operating landscape. The coming years will be extraordinarily difficult to predict. But with more flexible and resilient operational strategies, and more sustainable cost structures, companies will be able to survive and thrive in the long-term."