The euro crisis
has been part of the economic landscape
since 2010, giving executives plenty of
time to decide how their businesses should
respond. The survey asked what specific
steps companies were taking in response
to the ongoing economic turbulence in
the eurozone and found that 72 percent
of companies based inside and outside the
eurozone are taking aggressive measures
to cut discretionary costs. China
and Spain show themselves to be especially
active in cutting costs, with 91 percent and
83 percent respectively either planning or
starting to implement changes.
Despite keeping a close eye on the
bottom line, companies are not shy
of taking advantage of turbulent times
to enhance their competitive positioning.
However, here opinion is divided on the
best course of action. Around two-thirds
of respondents see the eurozone crisis
as opportunity to invest in more
outsourcing, more flexible supply chain
capabilities, shared services and enhanced
risk management capabilities.