No one knows what the coming post-COVID-19 recovery will exactly look like for the global economy. Building Materials firms (like other sectors) need to take immediate urgent and specific actions in order to recover.
Proudfoot surveyed 700 Building Material executives on the challenges for 2020. The main three business challenges identified as sector transformation priorities for the remainder of 2020 are:
1. Cash, Cost, and CAPEX Optimization
2. Supply & Demand Optimization for 2020
3. Upgrading / making efficient Operating Models for Social Distancing / Working From Home
This first point of view covers our insights on the first theme Cash, Cost & CAPEX optimization point 2 and 3 will follow.