Most companies shed people during a recession, but resilient players are just as conscious of investing in the skills needed to win in the recovery. For starters, there’s the risk of undercutting digitization efforts by underinvesting in mission-critical talent. Office workers walk on the sidewalk at Jakarta's central business district in April. (Antara Photo/Akbar Nugroho Gumay) "We have confidence in the resilience of Indonesia and its companies," Jeongmin Seong, a partner at the McKinsey Global Institute in Shanghai said in a written statement to the Jakarta Globe. They entered ahead, they dipped less, and they came out of it with guns blazing.In short, your business context is and will remain uncertain. McKinsey said half of the world investment in the past decade went to Asian companies, allowing them to scale up in size. In order to succeed, companies cannot afford to wait for the onset of a downturn to make no-regret moves. Financial Services Consumer Packaged Goods Automotive & Assembly

... CPAnalytics; McKinsey resilience analysis HEALTHCARE TOTAL RETURNS TO SHAREHOLDERS (TRS) PERFORMANCE Indexed to 100 (FY 2007)

It might also stay the course with the development of a new pricing system that has significant near-term potential. "For example, telehealth firm Halodoc is partnering with pharmacies, laboratories and ride-hailing service Gojek to provide medicine delivery," he added. Risk Covid-19 might also reinforce Asia-for-Asia supply chains that have been developed in the past decade. Please click "Accept" to help us improve its usefulness with additional cookies. In general, accelerating digitization has widened the gap in capabilities and performance between digital leaders and laggards—a gap that is likely to grow during any downturn.These environmental differences don’t mean you should forget about costs in the next recession; the ability of the resilients to drive earnings growth despite top-line challenges was a critical differentiator. Lastly, Indonesian companies need to start diversifying their businesses, according to McKinsey.The research institute pointed to Indofood's success in expanding its business beyond instant noodles by acquiring plantations and companies working in agribusiness, distribution, shipping, dairy, household products and beverages. Select topics and stay current with our latest insights Diversity Coupa is a company of talkers, passionate about sharing tips, tricks and advice for improving finance and procurement and saving companies of all sizes time and money. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Barring a few sectors that were exceptions, resilients lost nearly as much revenue as industry peers during the early stages of the slowdown. Many superstars imploded under pressure during the last recession, and most of their equivalents today have not been tested in the cauldron of a serious downturn.

Operations Sean Brown: From McKinsey’s Strategy and Corporate Finance Practice, I’m Sean Brown, and welcome to Inside the Strategy Room.Today’s topic is resilience—while economic downturns are impossible to predict, it is never too early to start thinking about how to weather the next downturn—whenever it comes. Elite strategy consulting houses McKinsey, the Boston Consulting Group and Bain all recommend that companies adopt a staged plan for getting through the COVID 19-induced downturn. Indonesian companies, McKinsey said, could adopt initiatives in digital adoption, regionalization of supply chains and diversification to improve their performance. Please email us at: Working through this nuance, and communicating it to relevant stakeholders, will be an important part of leaders’ roles moving forward.Getting past the limitations of traditional performance approaches oriented around head count and cost will require fresh thinking about boosting productivity.Although the resilients’ earnings edge rested primarily on cost savings, they were also better at locking in post-cycle growth, partly through the use of emerging tools that enabled them to better serve higher-value customer segments. Press enter to select and open the results on a new page.

The top quintile of companies in each sector—the resilients—delivered TRS growth that was structurally higher than the median in their sector (see Exhibit 1 for a representative analysis in the technology, media, and telecommunications sector).In the three boom years before 2007, the resilients actually underdelivered slightly on TRS. Travel, Logistics & Transport Infrastructure How European, UK, and US banking systems can build resilience in the time of COVID-19. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device.


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