76% of companies reported that lasting power outages affect their operations. A remarkable 88% of companies indicated that they are prepared for power outages, with almost all of them (94%) either having a continuity plan or developing one.
The American Chamber of Commerce in Ukraine and AmCham member company Deloitte Ukraine present the results of the Business Survey: Winter Resilience Strategy 2024-2025.
The survey gathered the insights of AmCham member companies on their plans and strategies to overcome the challenges caused by blackouts. The survey information provides insights that can help identify the challenges that businesses face, approaches to address them, as well as the support measures that businesses may need in anticipation of the 2024-2025 winter period.
139 CEOs and top managers of AmCham member companies took part in the survey, conducted on July 22 – August 22, 2024. 58% of the respondents are CEOs.
One-third of the companies can independently ensure electricity supply for 24 hours or more in the absence of a centralized electricity supply, demonstrating a high level of preparedness. Generators are the most common power source, as 86% of companies use them during blackouts. However, 40% of these businesses diversify their power sources by combining generator power with solar panels or gas installation capacities.
The most significant impact of lasting power outages reported by nearly two-thirds of respondents (62%) is increased financial costs for the purchase of fuel, generators, etc. Most businesses defined the high cost of backup equipment (73%) and insufficient number of backup energy sources (58%) as the key challenges in maintaining business energy resilience.
Sales (35%), production (32%), and IT (27%) are the functions affected the most during the lasting power outages.
Only 22% of respondents implemented changes to their operational/production processes by suspending, outsourcing, or relocating them in response to power outages.
69% of respondents consider financial support programs for the installation of backup power supplies and/or additional generation to be the key measures to support their businesses. Also, companies reported that they would benefit from regulatory changes to simplify the implementation of independent energy projects (53%), as well as tax relief and tax deferral programs (46%).
Olena Boichenko, Partner, Consulting Department, Deloitte Ukraine, said:
Tetyana Prokopchuk, AmCham Ukraine Vice President, said:
About AmCham Ukraine:
The American Chamber of Commerce is Ukraine's most influential international business association that has been serving 600+ members in Ukraine since 1992, delivering the shared voice of US, international, and Ukrainian companies, who invested over $50 billion in Ukraine and remain committed to the country. For more information, please visit AmCham's website.
To learn more, please visit the Deloitte website.
About Deloitte
“Deloitte,” “us,” “we” and “our” refer to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide make an impact that matters at www.deloitte.com.
Anastasiia Lytvynenko
Deloitte Ukraine PR & Communications
alytvynenko@deloittece.com