With pre-Covid-19 levels of demand not expected to return for some time in many sectors, businesses are accelerating transformation plans to create more efficient organisations. And while cost reduction is an underlying driver of this trend, it is not the primary motivation.
Greater efficiency can help firms optimise operations and build better, more productive, scalable and resilient businesses that are fit for the future. In order to understand the strategies being formulated in boardrooms across the country, we surveyed 250 C-suite decision makers at some of the UK’s biggest businesses.
Tellingly, every one of them said they have been focusing on making their business more efficient since coronavirus struck. That’s a really promising indicator for UK plc, because efficient businesses are better positioned to invest in sustainable growth.
We hope you find the report informative and inspiring.