Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

PwC: Crisis handling could become normal

Feb 22
Tags: PwC
Share this story:
PwC: Crisis handling could become normal

Management consultants could see crisis handling become an increasingly prominent part of their work with businesses over the coming years, research by PricewaterhouseCoopers (PwC) has suggested.

The firm released a report showing that companies are being hit by crises "more often than might be expected" and many chief executive officers (CEOs) expect the situation to get worse in the future.

Around two-thirds (65 percent) of CEOs taking part in a survey had experienced at least one crisis in the last three years and more than half had been through two or more. Nearly one in six (15 percent) had suffered five or more crises in that time.

Global economic uncertainty was cited as the biggest threat to business performance, while a heavier regulatory burden, exchange rate volatility and geopolitical instability are also common concerns for executives.

Other findings showed that the vast majority of CEOs (91 percent) take charge themselves when their business is hit by a crisis.

Two-thirds (65 percent) were most concerned about their ability to gather information quickly and accurately during times of adversity, while 57 percent felt vulnerable because of an out-of-date business continuity plan.

Melanie Butler, UK partner and global crisis centre leader at PwC, said it's not uncommon for major business challenges to be neither isolated nor fleeting.

"Some crises are anticipated, some unlikely and some are simply impossible to foresee," she continued.

"Our findings suggest that crisis management is very much on the CEO agenda because they are already dealing with crises - and believe they will continue to deal with them on a regular basis. It's clear that for the foreseeable future the only certainty is uncertainty, with continued geopolitical turmoil, sluggish global growth and fluctuating currencies."

Search for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Image: Rawpixel Ltd/iStock

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£40k-£50k plus excellent bon...
Central London
Customer Success Manager - Growing Tech Firm, Central London - Central London£40k-£50k plus excellent bonus and benefitsOur client are a technology start-up based in Camden which use a SaaS platform
Competitive for the best graduates wit...
Central London, limited travel require...
Analysts for Procurement Specialist Consulting Firm - Central London with only 15% travel requiredExceptional to hire the best experienced graduatesLondon based Management Consultancy – Analyst Our
£50k-£100k plus bonus, benef...
Central London
Energy / Commodities - Business Development and Sales for Leading European Research Company - Central London£50k - £75k base plus excellent bonus, benefitsOur client is one of Europe’s leading
£50k-£100k tax free plus exc...
Middle East (Dubai) and North Africa l...
Strategy Consultants - Healthcare and Pharma Sector for Dubai and North Africa - We have roles in Dubai, Algeria, Tunisia and Morocco£50k-£100k tax free plus bonus, excellent benefits such as housing
€50k - €120k plus bonus, benefits
Germany, multiple locations
Our client is growing globally and particularly in the German market where they have over 40 consultants focussing on operational improvement, supply chain and digital