International Restructuring Study 2012
In June and July 2012, Roland Berger Strategy Consultants conducted its study of restructuring trends for the eighth time since 2001. Across the world, board members and managing directors of some 5,000 companies from different industries were surveyed, with a 12% response rate. The aim of the study was to learn how, in view of the current sovereign debt crisis, managers are preparing their companies for such possible scenarios as a renewed economic downturn or the exit of individual countries from the euro. The key study results are grouped into four regions: North Western Europe, South Western Europe, Central & Eastern Europe and Japan (special feature).
The majority of European companies expect the economy to stagnate in 2012. Japanese companies definitely expect a recession in their country. Falling demand from households is seen as the main source of risk. Other factors hampering growth include the lack of qualified personnel, the problems of the eurozone, and inadequate financing options. Many of the companies surveyed in Europe and Japan are preparing for the worst – about a third have already made contingency arrangements for a possible breakup of the eurozone, or are planning to do so. In this context two thirds of the respondents are focusing primarily on cost-cutting and efficiency-raising programs to make sure they are ready for any financial or staffing shortages. Consistently implementing the proposed restructuring actions is important to ensure the companies' success.