Following a prolonged period of rising commodity prices, rapid expansion and industry consolidation, the sector was hit hard by the current global economic turmoil. Companies have already cut costs through production cutbacks, the freezing or delay of infrastructure spending, as well as cuts in human resources. What next? The main challenge is managing the crisis, while taking advantage of the opportunities it presents. For example, an increase in the efficiency of production, supply chain and procurement to match supply and demand, while freeing up working capital and remaining open minded to acquisition opportunities. This may be the right time for the successful realization of some of the bigger ideas, such as increasing supply chain integration, enabling more effective collaboration with consumers and suppliers, implementing better ERP systems to boost speed to market, or aggressively managing product life cycles and pricing.
Deloitte CIS will assist you in effectively realizing such projects and reaching greater profitability, while optimizing cash flow and working capital management.