Grant Thornton: this is how to preserve the stability of companies in times of inflation

By: Trademagazin Date: 2022. 07. 27. 12:54

Inflation is putting pressure on the economy worldwide, and the situation is not expected to improve in the near future. The corporate sector is facing serious challenges and, like the economic crisis caused by Covid, they have to develop strategies that ensure survival and growth at the same time.

The 7-point proposal package compiled by the experts of the international business and tax consulting firm Grant Thornton, which summarizes the basic measures for survival and the exploitation of growth opportunities, helps with this. The results of Grant Thornton’s international survey are quite worrying if we look at the key cost categories, as they are at a record high worldwide. In the last 12 months, the medium-sized enterprises of the 28 countries examined reported an average increase in raw material prices of 21%, but the increase in energy/utilities and transport costs was also 20%. Meanwhile, bank/interest costs rose by 16% and various types of taxes by 17%.