
There are many potential whys for investment delays – tariff uncertainty, concerns over the state of the economy, rising costs, regulations – but the results are the same. Companies are delaying spending in hopes that conditions will improve rather than investing in cost-takeout strategies that could boost their performances, new research suggests.
Endeavor Business Intelligence, conducting research for EFESO Management Consultants, surveyed 150 middle-market-to-large manufacturers to study how companies are taking costs out of operations. More than cost cutting, cost takeout is a disciplined approach that could include budget cuts paired with strategic investments that lower costs in the future. Respondents relied on an average of four cost take-out tactics to meet their goals, indicating that no method is a silver bullet.
Download now to view the research report.
