AlixPartners’ 16th Annual Turnaround and Transformation Survey

Where next?

A new reality requires a transformative mindset

COVID-19 has fundamentally – and, in many areas, permanently – changed the ways in which our world will operate for years to come. As the fog begins to lift, the road ahead for companies and stakeholders will no doubt be different from what we anticipated at the start of 2020. So, where next?

In its 16th year, AlixPartners’ Annual Turnaround & Transformation Survey brings together the myriad perspectives from restructuring experts around the globe, as well as our corporate client base, to reveal the many challenges the pandemic has caused. And while COVID-19 may have taken center stage in the past year, the pace of broader disruption continues to increase behind it, just as it had been prior to this specific crisis. Now more than ever, there is a pressing need for businesses and leaders of every kind to adapt, evolve and innovate

“The pandemic has only served to magnify the need for businesses of any kind to adapt, evolve, and innovate at an ever-increasing pace.”

AT A GLANCE

The pandemic has highlighted the necessity for business agility and a proactive approach to leadership, and the near-constant presence of disruption has created a pressing need for leaders to find new ways to anticipate and quickly respond.
Efficient and effective workplace dynamics are vital to the enablement of remote work and allowing flexibility while maintaining strong business relationships.
Across Europe, success in weathering the storm of the pandemic at individual country levels has been driven in part by the make-up of dominant industries in different territories. The urgent pressure to transform has demonstrated how ways of working, supply chain structures and organizational design can all be achieved rapidly. Unprecedented levels of financial support in many countries have kept businesses afloat.
Consumer behaviors in retail, aerospace and air travel, commercial real estate and automotive are driving business model make-up. These industries must take significant action to adapt to a new way of operating.
One of the biggest challenges global businesses will face in the future will be a change in the credit market dynamic, increasing the cost of debt and reducing availability. Leaders must tightly couple their view of that to their own viability on the balance sheet, ensuring that the debt they carry is sustainable and that they have an operating model that is fit for purpose for the long term.

VIEW THE FULL REPORT

The pandemic has highlighted the necessity for business agility and a proactive approach to leadership, and the near-constant presence of disruption has created a pressing need for leaders to find new ways to anticipate and quickly respond.
Efficient and effective workplace dynamics are vital to the enablement of remote work and allowing flexibility while maintaining strong business relationships.
Across Europe, success in weathering the storm of the pandemic at individual country levels has been driven in part by the make-up of dominant industries in different territories. The urgent pressure to transform has demonstrated how ways of working, supply chain structures and organizational design can all be achieved rapidly. Unprecedented levels of financial support in many countries have kept businesses afloat.
Consumer behaviors in retail, aerospace and air travel, commercial real estate and automotive are driving business model make-up. These industries must take significant action to adapt to a new way of operating.
One of the biggest challenges global businesses will face in the future will be a change in the credit market dynamic, increasing the cost of debt and reducing availability. Leaders must tightly couple their view of that to their own viability on the balance sheet, ensuring that the debt they carry is sustainable and that they have an operating model that is fit for purpose for the long term.

VIEW THE FULL REPORT

For more information, contact:

Simon Appell

Partner & Managing Director, London

EMAIL BIO

Lisa Donahue

Partner & Managing Director, New York

EMAIL BIO

James Mesterharm

Partner & Managing Director, Chicago

EMAIL BIO

Joff Mitchell

Partner & Managing Director, New York

EMAIL BIO

Axel Schulte

Partner & Managing Director, Düsseldorf

EMAIL BIO

WANT TO CONTINUE THE CONVERSATION?

The opinions expressed are those of the author(s) and do not necessarily reflect the views of AlixPartners, LLP, its affiliates, or any of its or their respective other professionals or clients. This article regarding AlixPartners’ 16th Annual Turnaround and Transformation Survey (“Article”) was prepared by AlixPartners, LLP (“AlixPartners”) for general information and distribution on a strictly confidential and non-reliance basis. No one in possession of this Article may rely on any portion of this Article. This Article may be based, in whole or in part, on projections or forecasts of future events. A forecast, by its nature, is speculative and includes estimates and assumptions which may prove to be wrong. Actual results may, and frequently do, differ from those projected or forecast. The information in this Article reflects conditions and our views as of this date, all of which are subject to change. We undertake no obligation to update or provide any revisions to the Article. This article is the property of AlixPartners, and neither the article nor any of its contents may be copied, used, or distributed to any third party without the prior written consent of AlixPartners.

AlixPartners’ 16th Annual Turnaround and Transformation Survey

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A new reality requires a transformative mindset

AT A GLANCE

For more information, contact:

Simon Appell

Lisa Donahue

James Mesterharm

Joff Mitchell

Axel Schulte

WANT TO CONTINUE THE CONVERSATION?

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