2
CERTAIN MOVES IN AN UNCERTAIN WORLD: Insights from the AlixPartners 18th Annual Turnaround and Transformation Survey
HOW TO
RESPOND
Leaders must orient their businesses toward a set of characteristics best suited for continued
ambiguity and tightening financial constraints:
Focus on cash
Underpin any new money need with cash
flow analysis of operations under various
risk scenarios.
Understand scenarios and related risks
Balance best-case scenarios with a worst-case
one to help you act fast as trading
conditions change.
Drive agility on cost
Map the underlying cost structures of vendors
and proactively track commodity rates - and
act quickly when market dynamics shift.
Chart a path for change
Balance short-term challenges against your
vision of a long-term upward trajectory, and take
steps towards that goal now.
JOFF
MITCHELL
Global Co-Head, Turnaround
& Restructuring Services"
"
Prudent management teams - many of whom
will be experiencing their first downturn - now
need to build a global view of market activity,
considering both the financial and geopolitical
risks driven by international conflict and rising
tensions between nations. They must then
overlay the continued high interest rate and
constrained credit environment to try and
chart a course forward.
JIM
MESTERHARM
Global Co-Head, Turnaround
& Restructuring Services
2
CERTAIN MOVES IN AN UNCERTAIN WORLD: Insights from the AlixPartners 18th Annual Turnaround and Transformation Survey "
"
Leaders must get out ahead of situations and
fully understand the dynamics at play with
regard to potential disruptions in their markets.
Credit metrics must improve too, requiring
more steps to be taken to extend their runway,
improve liquidity, tighten working capital, and
refine capital plans.