{"id":432527,"date":"2021-02-10T04:03:06","date_gmt":"2021-02-10T09:03:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=432527"},"modified":"2021-02-10T04:03:06","modified_gmt":"2021-02-10T09:03:06","slug":"fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/","title":{"rendered":"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">WASHINGTON, Feb.  10, 2021  (GLOBE NEWSWIRE) &#8212; Over 75% of companies need to fundamentally change their business models as a result of the COVID-19 pandemic and subsequent economic fallout, according to the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FjMM7tuChO0flHhwC9eZdwCKVom0xga6uIJ2hQFj9J4KvvpaYEfeYaHd2e0JDeWH0joEUXI6G_ehWrOGHqMHzEl0WxjBI-p6bZ03ZlhfxWo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><em>Resilience Barometer COVID-19 Report<\/em><\/a> from FTI Consulting, Inc. (NYSE: FCN).<\/p>\n<p>Out of more than 2,000 large companies across G-20 nations surveyed, 90% are placing greater emphasis on planning for unknown risks, which means concentrating on business fundamentals such as staying operational and financially viable in the face of future crises. As a result, 78% of companies now use artificial intelligence and analytics to monitor for scenarios that impact risk and compliance.<\/p>\n<p>The pandemic\u2019s unexpected onset significantly impacted business resilience, with 60% of companies surveyed saying they are facing challenges servicing their debt requirements, and companies are seeing an average revenue decline of 10% and headcount decline of 12%. <\/p>\n<p>\u201cCOVID-19 has shattered preconceptions about what a resilient company or economy looks like,\u201d said <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=BRklxhFIA5eBGq4xJ3eUDiP_s94keH3Z9a4P-cHzCsSB9qyzqY8HwmMcYAYj29OLyVomv4zXBy25Uj4ndKHpp7rgXPHHgnMUCxz6WS76Ihm3EE2py84Tu2NP1bdbw0DK1tc1bTDZufohexUNuy2urw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Caroline Das-Monfrais<\/a>, a Senior Managing Director and Global Resilience Lead at FTI Consulting. \u201cFrom debt servicing to cyber threats, businesses have never faced so many compound crises occurring at once. If 2020 has taught businesses anything, it is that those businesses that invest in resilience will be well placed to succeed when we emerge on the other side.\u201d<\/p>\n<p>More than three-quarters (78%) of companies surveyed believe they must fundamentally reevaluate their business models as a result of the pandemic. Doing so often involves making difficult decisions \u2014 a fact illustrated by 3 in 10 companies surveyed across G-20 nations requiring restructuring or refinancing due to COVID-19\u2019s impacts.<\/p>\n<p>Companies will need to reassess strategic actions like mergers and acquisitions as well as the integrity of supply chains, which three-quarters of respondents believe have been permanently disrupted.<\/p>\n<p>\u201cIf companies do not change themselves, seismic shifts in the market will do it for them,\u201d said <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3Wd7JG1v6OVJyD75dc0_h-zc7K9RuvCYFT5SBG_EjbUcenFE1QupUdMIt7cLTmzVNTQo4MVH8Wzm6JcWYpqkNKRpJ1yCRWFyE9L7YtlNhgi8QD-nOgdc5_zHT6oNzaRK\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kevin Hewitt<\/a>, Chairman of the Europe, Middle East and Africa (\u201cEMEA\u201d) region at FTI Consulting. \u201cLongstanding assumptions are being questioned, and the answers will impact employees and consumers alike. One such lesson will be ensuring that businesses are better prepared to respond to future escalations and are not caught unaware.\u201d<\/p>\n<p>\n        <strong>About the FTI Consulting Resilience Barometer\u2122<\/strong><br \/>\n        <br \/>The latest quarterly <em>FTI Consulting Resilience Barometer<\/em>\u2122 report incorporates the views of 2,185 decision-makers in large companies across all G20 countries. The quantitative survey was conducted between Oct. 2-15, 2020, and the results tested in expert-led focus groups from December 2020 to January 2021.<\/p>\n<p>\n        <strong>About FTI Consulting<\/strong><br \/>\n        <br \/>FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political &amp; regulatory, reputational and transactional. With more than 6,200 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.35 billion in revenues during fiscal year 2019. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2D6ab1fazwE4HYqVR8MWtTAeeoAmpz2mOH3sZbj4YQNbWo5Zd_ZAnh1ZSSa7OBEk0az0P7GSHwkI7554t4UM15VskGTxDfqnaSpj7IllLg4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.fticonsulting.com<\/a> and connect with us on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4nsAf5JF8-Qe_jjkPKXo7-gIYSZEksJDEnZnAzH2oMAB6UCdnLdATj5GawMqxQvNKVABvLrW6scJ-p4V5UEW0ljZ4B18Hi4Q208m8FXpxEM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Twitter (@FTIConsulting)<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=W8V4-ofVP2afqx_UDx94vlbiQF6g6AtLlzbBL9vYPD4_EIgQCvqo44z6mqFXn2IUWTVMoZ3BMR1QRLN0lCUjhRSJHz_lkpOBKm9_uvc6WRw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=d-tGQwaXlbILWP43023Y5Jay3qsAXEItK_xK-MO6jYUyeYrmiXPVya8Ttk8bCabLqnPrQWIi7qdLxuixyhgbI8cakoKtkr7vIM6kLa5KfAI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">LinkedIn<\/a>.<\/p>\n<p>\n        <strong>FTI Consulting, Inc. <\/strong><br \/>\n        <br \/>555 12<sup>th<\/sup> Street NW <br \/>Washington, DC 20004 <br \/>+1.202.312.9100<\/p>\n<p>\n        <strong>Investor Contact: <\/strong><br \/>\n        <br \/>Mollie Hawkes<br \/>+1.617.747.1791<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mjxwN-XD_tm4DJrzO-LFemh387r0ndYQpWAB9r3QFHbCBxHvXmw4AWMK6ahH5ZVLShPEaVIDbvV2-A8WHNq2PyYBDWmhNjH_9zBDNNeeiU8QAmMWufeCIu9xuqk22Gwd\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mollie.hawkes@fticonsulting.com<\/a><\/p>\n<p>\n        <strong>Media Contact: <\/strong><br \/>\n        <br \/>Matthew Bashalany<br \/>+1.617.897.1545<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_1awmpiYZQJkdJlVuRi5MBng-QeUGH6g1vx1Hic9vslWWyHCi152YPd93l7WYkSC2wSz8XP38yVb-ECNr_X6jzQ8eqcxlSqxRJGvyMvYk6C73HcRdO5kLYaajDpbq8rAEtL5YqPfwO-pYzB8KLh-8Q==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">matthew.bashalany@fticonsulting.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1MDA1NSMzOTY4MjE2IzIwMjQwOTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/0f4e7901-4628-4d03-a1e7-8b6963742bee\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, Feb. 10, 2021 (GLOBE NEWSWIRE) &#8212; Over 75% of companies need to fundamentally change their business models as a result of the COVID-19 pandemic and subsequent economic fallout, according to the Resilience Barometer COVID-19 Report from FTI Consulting, Inc. (NYSE: FCN). Out of more than 2,000 large companies across G-20 nations surveyed, 90% are placing greater emphasis on planning for unknown risks, which means concentrating on business fundamentals such as staying operational and financially viable in the face of future crises. As a result, 78% of companies now use artificial intelligence and analytics to monitor for scenarios that impact risk and compliance. The pandemic\u2019s unexpected onset significantly impacted business resilience, with 60% of companies surveyed saying they are facing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-432527","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, Feb. 10, 2021 (GLOBE NEWSWIRE) &#8212; Over 75% of companies need to fundamentally change their business models as a result of the COVID-19 pandemic and subsequent economic fallout, according to the Resilience Barometer COVID-19 Report from FTI Consulting, Inc. (NYSE: FCN). Out of more than 2,000 large companies across G-20 nations surveyed, 90% are placing greater emphasis on planning for unknown risks, which means concentrating on business fundamentals such as staying operational and financially viable in the face of future crises. As a result, 78% of companies now use artificial intelligence and analytics to monitor for scenarios that impact risk and compliance. The pandemic\u2019s unexpected onset significantly impacted business resilience, with 60% of companies surveyed saying they are facing &hellip; Continue reading &quot;FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-10T09:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1MDA1NSMzOTY4MjE2IzIwMjQwOTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19\",\"datePublished\":\"2021-02-10T09:03:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\\\/\"},\"wordCount\":515,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE1MDA1NSMzOTY4MjE2IzIwMjQwOTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\\\/\",\"name\":\"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19 - 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(NYSE: FCN). Out of more than 2,000 large companies across G-20 nations surveyed, 90% are placing greater emphasis on planning for unknown risks, which means concentrating on business fundamentals such as staying operational and financially viable in the face of future crises. As a result, 78% of companies now use artificial intelligence and analytics to monitor for scenarios that impact risk and compliance. The pandemic\u2019s unexpected onset significantly impacted business resilience, with 60% of companies surveyed saying they are facing &hellip; Continue reading \"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/","og_site_name":"Market Newsdesk","article_published_time":"2021-02-10T09:03:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1MDA1NSMzOTY4MjE2IzIwMjQwOTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19","datePublished":"2021-02-10T09:03:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/"},"wordCount":515,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1MDA1NSMzOTY4MjE2IzIwMjQwOTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/fti-consulting-resilience-barometer-finds-business-models-must-be-fundamentally-reevaluated-in-light-of-covid-19\/","name":"FTI Consulting Resilience Barometer Finds Business Models Must Be Fundamentally Reevaluated in Light of COVID-19 - 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