KPMG perspectives on how to respond to the new normal
The global pandemic has put the technology sector at the forefront. Technology companies have stepped up by helping other businesses with crisis management, providing infrastructure, and enabling businesses to stay connected with their customers.
As technology companies grapple with swings in business demand, now is the time to identify the trends that are shaping the current moment as well as the recovery. Technology companies need to use these trends to strategize and configure business to continue protecting their people, customers, and partners and drive real, tangible value. Identifying economic risks now and preparing a proactive response will help organizations to chart a course through these turbulent times.
In this webinar, we will propose how to respond to this environment through three interconnected actions.
- stabilize the business
- create resiliency
- adapt to the new normal
And in doing so, get the four Cs under control: cash, customer, cost, and capital.
We will also take a deeper dive into cost reduction, incorporating short-term cash flow improvements alongside longer-term automation, process design, and virtual workforce models.
Finally, we will take a workforce lens to cost reduction efforts. The current environment mandates the need to pursue organizational agility in the context of organizational design, team structure, and versatile job roles.