After the boom of the last few years, the digital asset ecosystem has managed to position itself as one of the sectors of reference and with an exponential growth forecast. At Grant Thornton, we help our clients to explore all aspects of this technology, to create tailored solutions that bring value to the business and address problems and inefficiencies in the business sector.
It is safe to assume that for the majority of retail businesses, 2020 has offered some unique challenges. Lockdowns resulting from the COVID-19 pandemic have affected parts of the retail industry differently, with some owners having to close temporarily and some thriving in the new environment.
The COVID-19 pandemic has resulted in lockdowns and travel restrictions in every part of the globe, with a huge impact on the global aviation industry. It is clear that operators, airports, lessors and support businesses need to look at all the options open to them to survive.
The COVID-19 pandemic has caused an unprecedented level of disruption to the global hotel industry. A combination of local lockdowns and travel restrictions has resulted in many hotels having to close temporarily or operate at a fraction of their available capacity. As the crisis continues to evolve, it is still unclear what shape the industry will emerge in.
What does COVID-19 mean for exports and international supply chains? Shutdowns have caused major disruptions internationally, so how can mid-market business leaders respond?
Research from Grant Thornton’s International Business Report (IBR) reveals that business leaders globally are less optimistic about the economic outlook than at the start of the year, despite continuing rises in expected revenues. The dip in optimism suggests that the global economic cycle may have peaked. Business leaders should therefore consider using increased revenue to structurally invest at this stage of the cycle to ensure long-term prosperity.
New figures from Grant Thornton’s quarterly business survey of 2,500 businesses in 36 economies, the International Business Report (IBR), reveal that businesses in nine of the world’s ten largest economies have reduced their profitability expectations for the next 12 months.
Grant Thornton’s latest International Business Report (IBR) finds that while business optimism is rising to new quarterly highs, a storm may be brewing in the shape of a skilled worker shortage. In addition to high business optimism, the survey finds increases in revenue and profitability expectations. However, growing fears over workforce skills could impact confidence.