The GDP growth forecast for the current year has been lowered from 0.7 to 0.2 per cent and the number of insolvencies reached new highs in the first three months of this year.
Nevertheless, restructuring programmes, particularly in the automotive industry but also in retail and the chemical industry, show that the economy is taking intensive countermeasures.
You will find these five focal points in the current Restructuring Update:
Nursing home industry in crisis: strategies for operators and professionals
The care home industry has been a favourite target of investors for years, but has fallen into crisis. We show what options are available to operators to overcome this crisis. One thing is clear: working conditions and innovations should be created to make secure jobs in the care and social professions more attractive.
Retail: optimising cash flow through cost control
The Covid-19 pandemic and the Russian war of aggression against Ukraine have led to market disruptions and individual burdens. The retail sector in 2024 is facing major difficulties characterised by recessionary economic growth, high inflation and lower consumer spending. Targeted working capital management and strict cost control can help to optimise cash flow. You can find the details in our publication.
Florian Rieser
Partner, Performance & Strategy, Head of Turnaround & Restructuring
KPMG AG Wirtschaftsprüfungsgesellschaft
Furniture industry: How changing leisure and work behaviour is affecting core competencies and product portfolios
What do private living rooms, the construction industry, commercial properties and people's changed working and leisure behaviour have in common since coronavirus? The furniture industry has always been affected, sometimes with positive and negative effects at the same time.
Preparing for crises: Clear vision and corporate goals are crucial
It is important to have a clear vision for an organisation before restructuring and cost savings are implemented. Business objectives should take into account the trade-off between costs and income, potential impact on customer service as well as risk, profitability and growth. You can find more details on preparing for crises in the guest article by Patrick Cowley, Global Head of Turnaround and Restructuring, at KPMG.
The quarterly Restructuring Update offers you solutions to issues relating to turnaround, reorganisation, insolvency and distressed M&A. The authors categorise new developments and point out options for action.
Download the KPMG Restructuring Update, issue Q2/2024 now and benefit from the insights of the restructuring experts.
