Cost efficiency back on the table for CEOs

After years of disruption, CEOs are prioritizing cost efficiency while navigating macroeconomic challenges and sustaining growth. Companies are advised to take a holistic look at their organization, mapping networks and evaluating contracts, pricing, and suppliers to identify inefficiencies. Overhead costs, talent allocation, supply chain optimization, and product design are crucial areas for cost evaluation and investment. Implementing lean practices, such as rewiring supply chains, leveraging technology and AI, and adopting a lean mentality, can lead to sustainable cost reductions and operational improvements.