Swiss companies adapted to the financial crisis well: They lowered their costs, increased efficiency, and are in even better condition today than before. Business is back on track—but this is no time to relax. The Swiss economy has not yet taken advantage of digitization and the opportunities it offers for sustainable growth. Why so? What possible consequences pose a threat? What do Swiss companies need to do now to avoid losing ground to the global competition? Accenture has explored these questions and more in its analysis of the Swiss Top500 companies.
SWITCH TO THE GERMAN REPORT
- A false sense of security after the financial crisis
It is undisputed that the Swiss economy withstood the financial crisis much better than many other nations. However, there are have been enormous changes since. Today, threats to the Swiss economy lurk in the global world trade tensions between China and the US, and the swell in foreign exchange reserves at the Swiss National Bank. Further challenges are emerging in the job market as a skills shortage grows and productivity drops. Digitization is the greatest driver of change, and Switzerland is just as affected by digital disruption as the rest of the world.