Impact on business Two-thirds (67%) of our survey respondents think that reducing headcount will be the most significant change in their businesses’ day-to-day operations over the next 12 months, as evidenced by recent announcements. Cancelling or putting on hold new projects is next on the list (55%), and existing projects are also at risk (41% think they will be frozen or cancelled). Half (50%) say there will be a change in their business processes to increase efficiency. Interestingly, our survey shows that the appetite for strategic business growth or acquisition opportunities is greater than the motivation to divest assets (45% compared to 31%). This suggests that many businesses are planning a tactical approach to invest in future growth at attractive prices, but some potential sellers may still be delaying disposal decisions.
What do you expect to be the most significant change in your day-to-day operations in the next 12months?*
67% Reduction in headcount or recruitment activities
55% Planned projects/ feasibility
50% Change in business processes for greater efficiency
45% Pursuit of strategic business growth or acquisition activities
41% Existing projects/ feasibility
38% Pursuit of specific new project opportunities
31% Divestment of assets
studies put on hold/cancelled
studies put on hold/cancelled
*Respondents were asked to select a maximum of three answers
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