Cost containment in a disrupted business world
The need to minimise real estate costs and conserve cash will persist for most businesses during the potentially lengthy period of normalising and economic recovery.
Yet the health crisis is creating inflationary pressure e.g. workplace social distancing measures, lower occupancy densities, higher standards of cleaning and air filtration.
For the majority of organisations, costs need to be at least contained if not cut and we believe that this should not necessarily lead to a reduction in service quality. In fact, it can go hand-in-hand with performance improvement and business and carbon benefits. It is paramount that measures are sustainable and support longer-term business vitality.
We have identified a number of areas and practical tips on where you should focus to contain if not drive down costs and generate business benefits. We are currently helping clients rapidly assess the opportunities for cash savings across all areas and identifying prioritised savings plans.
We know that no two businesses are the same, and your response to COVID‐19 will be unique and tailored to what’s best for your business and your people.