Financial Management Through Disruption
A Practical Guide for CFOs Managing Companies Through Disruptive Times
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November 08, 2022
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During the COVID-19 pandemic and its aftermath, CFOs and their organizations have had to confront a variety of unanticipated challenges, including erratic customer demand, supply chain disruptions, volatile commodity prices and wage inflation, rising interest rates, and labor shortfalls, while trying to manage remote and onsite workforces. The worst economic effects of the COVID-19 episode may be mostly behind us but we foresee more challenges ahead, with many economists predicting a recession in the next twelve months as the Fed continues to hike interest rates aggressively. From a finance leadership perspective, a recession would likely result in, among other things, diminished spending by customers and unpredictable demand signals, leading to wide-ranging impacts on business performance, investment strategy and hiring plans.
Given these widespread and ongoing challenges, there are fundamental measures CFOs should take in order to equip themselves and their organizations to weather any further disruptions. FTI Consulting has identified four critical areas of focus that will help CFOs navigate challenging times ahead while exploiting competitive advantages and improving operational efficiencies.
Published
November 08, 2022
Key Contacts
Senior Managing Director, Global Leader of OCFO Solutions
Senior Managing Director, OCFO Solutions West Leader