The effects of the downturn on the consumer electronics industry
In these times of economic downturn, upcoming recession and reduction of consumer spending, consumer electronics manufacturers and sellers face declining sales and deteriorating profits. In combination with the increase of cost of capital most companies are forced to act and take appropriate measures. Some companies have already started with budget cuts, reorganisation and restructuring programs. However, most companies have just started investigating the potential effect on their organisation and the most suitable course of actions.
Essential for a successful course is to ensure that you are fully informed about the current state of your organisation and aware of all the possible opportunities and threats. Only with fact based and objective information you are able to make the right decisions and prioritise the necessary steps to survive the downturn.
Deloitte is the ideal partner to help you navigate the downturn. Our industry expertise will be bundled to support you with an integrated approach to gain quick insight and to help you develop and execute a focused plan. Our integrated offering focuses on optimising your business portfolio, controlling costs, mitigating risks, optimising tax and improving cash flow and funding.
- We provide you with a complete analysis that assesses improvement opportunities within 2 to 4 weeks
- We are a one-stop trusted partner that has all the expertise you need: one team, many perspectives funneled to one vision, one complete overview
- We have the power to implement what we advise
If you would like to explore how Deloitte can help you navigate the downturn, please contact:
Mobile: +31 (0)6 20 25 20 88
Assistant: +31 20 582 53 13
Stefan de Kruijf
Mobile: +31 (0)6 12 01 14 59
Assistant: +31 20 454 70 20
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