Executive Survey: Ready for 2020?
The possibility of a global economic slowdown is not the only issue keeping Greater China-based executives awake at night. Hong Kong’s ongoing social unrest and China’s Corporate Social Credit System – CSCS, a new framework to track and rate the behaviour of businesses in a unified database – are also high up on their list of headwinds to consider while doing their budgets for 2020.
>> Download full publication: ‘Adversity, A Time for Transformation’
But gauging overall business sentiment based on casual conversations with clients is tough. For every Managing Director we speak to who tracks tariff developments closely, there is another one who claims the impact of the trade war is overstated.
We decided to survey business leaders in our Greater China network to find out how they expect these challenges to impact their business, and what they’re doing to prepare. Our Executive Survey gathered an overwhelming number of responses (100) – most of them from MDs, GMs and C-levels of international mid-sized companies. Take a look at some of our findings.
>> How does this differ from the outlook of European business leaders? Read more.
Gear Up, Get Fit, Grow Selectively
For businesses in Greater China who are already grappling with a “new normal” of slower growth, rising costs, and dizzying market trends, the prospect of a downturn offers one key opportunity: the chance to hit “reset” and drive changes that may well be long overdue. This is why at Fiducia, we believe that getting “downturn ready” is just another way of getting “future ready”. We’re helping clients achieve this by:
- Gearing up: mitigating risks
- Getting fit: optimising costs
- Growing selectively: focusing on future growth engines
Read our detailed recommendations here.
How We Can Help You
Whether it’s to prepare for upcoming headwinds or to create lasting transformation, below are some of the ways in which our consulting and outsourced service teams can help you gear up. Get in touch with us to learn more about how we can tailor our support to fit your specific situation.