Every crisis creates new winners - followed by a consolidation phase of M&A and take over activities for strategic assets. The winners in engineering will be characterised by unique technology innovation and a strong cash position, proximity to global demand and industrial trends, high market share in speciality or an excellent low cost position, effective working capital management, reliable exchange of order schedules to both customers and suppliers, a customer-driven supply chain, lean product design based on standard modules, end-to-end requirements and claims management, and a high share in service business.
Managing the business along these value drivers allows businesses to be one of the new winners by
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Securing the cash position
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Focusing the portfolio
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Managing performance rigidly.
Strong execution will really deliver quick wins in the short term and more complex solutions medium to long term. PA Consulting Group brings experience to the table based on client work for the likes of MAN or Siemens.
To challenge us for further insights and to discuss how to act during the crisis, please contact us now.
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