London, UK – 22 February 2013: A survey carried out by 4C Associates, a leading cost transformation consultancy, has revealed that 65 per cent of finance leaders consider volatile prices the main risk for 2013. Supply and reputational risk were selected by 19 and 16 per cent of respondents.
“With companies spanning across more and more territories, it is no surprise that risk management is becoming an increasingly pivotal element of business strategy,” said Ed Ainsworth, Managing Director at 4C Associates. “In terms of price risk, companies are finding it difficult to pass increases on to consumers and consequently have to work with tighter margins and less room for error.”
“The current climate further reinforces the need for businesses to implement effective risk analysis and cost transformation initiatives, if they are to remain successful.”
Faced with a difficult financial climate, 49 per cent of CFOs highlighted operational efficiency improvements and cost reduction as the driving elements of their 2013 strategy. 42 per cent underlined increased sales as the primary objective for 2013.
Asked whether there were additional savings opportunities to be found in their organisations through improved procurement, 68 per cent replied affirmatively. A further 58 per cent felt there were additional savings opportunities accessible through optimised supply chain and logistics practices.
The full survey results are available on 4C Associates’ website.
The CFO Survey was carried out amongst attendees of The Economist’s CFO Summit 2013. More than 100 finance leaders attended the event to discuss issues affecting the role of the CFO.
4C Associates has the insight, technology and experience to drive rapid profit improvement. We offer specialist consulting, technology and managed services to transform your costs. We apply industry and functional expertise to deliver exceptional benefits.
Our team works with leading organisations across a range of cost categories including Direct Materials, Services, Marketing, IT, HR, Logistics Supply Chain, Property and FM. We apply deep practical knowledge, combined with process and change skills, to deliver reduced costs and increased profits.
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