How a pandemic can be an optimal time to focus on restructuring

With the coronavirus spreading globally, we see a clear ripple effect on economies and the resulting market ambiguity. All countries are experiencing adverse economic changes, and the situation is likely to deteriorate further in 3Q 2020 due to lower expected demand.

This white paper discusses the prolonged impact of COVID-19 on the global economy and businesses, including declining GDP, dipping stock markets, shrinking earnings, downward pressure on FDI and declining industrial production. It also examines the major industries affected by the global lockdowns. We discuss the significant role consultants played in the 2008 recession and the Great Depression of the 1930s, and highlight how the current pandemic has fuelled demand for specialised consulting services.

Consultants, through the restructuring and turnaround services they offer, can be of great help to companies requiring right-sizing, cost optimisation and efficiency improvements.

Key Takeaways

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About the Author

Vandana Ahuja, Delivery Manager, is part of the Private Equity and Consulting team in Acuity Knowledge Partners, Gurgaon. She has over 9 years of experience in Business research and consulting.

She has diverse experience of working with top consulting companies across various industries and geographies. She has managed and executed various consulting projects involving competitor analysis, industry studies, company profiling, survey analysis and strategic recommendations, trend analysis, verbatim and sentiment analysis. She has managed various consulting clients.

She holds a degree in Master of Business Administration (M.B.A) with specialization in Finance and Bachelor of Arts (B.A) in Economics.

The author gratefully acknowledges the valuable contributions from Chhavi Sharma, Pallavi Chatterjee, Dushyant Sharma and Swathi Jayan.

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points.