Home News 60% of Eastern European companies believe business has returned to pre-pandemic levels

60% of Eastern European companies believe business has returned to pre-pandemic levels

51
0

It shows that more than 50% of respondents in the study believe that the Covid-19 pandemic has had a positive effect on business, and that more than 90% of respondents in Eastern Europe estimate that they will face difficulties in terms of strength. for work.

The study was conducted shortly before the start of the conflict in Ukraine.

“More than 60% of CFOs in Eastern Europe say their business has returned to pre-pandemic levels by the end of 2019, according to the CFO Panel 2022 study conducted earlier this year by management consulting firm Horváth. Internationally, more than half of those interviewed believe that the pandemic has had a positive effect on companies, “the company said.

Over 60% of them believe that a predominant risk will be the disruption of supply chains and the resulting deficit in supply and production, and over 55% believe that policy changes will be a risk for the future.

“We have been living with the Covid-19 pandemic for over two years and it will continue to be a global problem in 2022. Companies in almost every industry, worldwide, have been or are still affected by this crisis, which has forced them to adapt, to take a series of measures to regain stability. In addition, the issue of sustainability is increasingly on the agenda of CFOs around the world. In this context, several questions arise: What strategy has worked in the past, but does it work now? What are the risks and what are the opportunities? The answers of the financial directors give the line of business trends, reveal to what extent and how the pandemic actually affected us and bring transparency in the development of development strategies “, says Anca Moiş, senior manager, Controlling & Finance Expert, Horváth Romania.

Read:   $48.4 billion in a single quarter

The Covid-19 shock was a challenge not only to the medical system but also to business stability, both locally and internationally. According to the results of the Horváth study, the financial directors of the companies perceived several types of associated risks, some of which are still valid.

More than 90% of respondents in Eastern Europe estimate that they will face difficulties in the workforce, which will need to be prepared for future challenges. Over 60% of them consider that a predominant risk will be the disruption of supply chains and the resulting deficit in supply and production, and over 55% believe that changes in economic policy (eg lockdown, trade disputes, elections, etc.) will be a risk for the future.

Looking ahead, more than 80% of CFOs in Eastern Europe believe they can get out of the stalemate created by the pandemic through a number of opportunities such as increased investment in automation and digitization, more than 70% say it will help them introduce models. modern work (home and hybrid), and over 50% believe that the rescue will come from increasing domestic demand.

Read:   Vice President Lukoil says Russia should reduce oil production. "Is it better to sell 10 barrels for $ 50 or seven barrels for $ 80?"

CFO Panel 2022 highlights current trends in finance and provides insights into the challenges currently facing CFOs.

CFO Panel is made by Horváth, with over 200 participants from 15 countries, such as Germany, Austria, Switzerland, Croatia, Romania and Moldova. The industries surveyed range from automotive, manufacturing, banking, logistics, oil & gas to pharmaceuticals, telecommunications and travel.

Horváth is one of the largest international, independent, management consulting companies, present on the Romanian market, since 2005. The company was founded in Stuttgart, in 1981, by Péter Horváth and has over 1,000 employees. Horváth has offices in Germany (Berlin, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart), Austria, Romania, Switzerland, Hungary, Saudi Arabia and the United Arab Emirates, but the company’s consultants are available to customers globally.

If you like this article, we look forward to joining the community of readers on our Facebook page, with a Like below:

Previous articleMercedes-Benz has launched EQS, the second all-electric SUV VIDEO
Next articleHow central banks react to the global situation caused by the war in Ukraine