Your Weekend Essentials: 4 must-reads to dive into
Take Charge of Change as we explore the latest trends and developments through insights from RSM's global experts.
1. Seizing opportunities in the anywhere workplace
The rise of digital nomads and the working-from-anywhere culture in the post-pandemic era presents both opportunities and challenges for human resources. Companies, amid fierce competition for talent, are expanding their search globally, while employees increasingly seek flexible work arrangements facilitated by digital platforms.
In this insights piece, part of our 'Working from Anywhere' series, experts discuss how balancing the needs of employers and employees is crucial in this evolving work environment. Successfully achieving this balance can lead to significant short- and long-term benefits for both parties.
2. Embracing the cloud for rapid digital transformation
Digital technologies have been a boon for businesses, driving efficiency, productivity, and service improvements. Research suggests digital technology could create over ￡413 billion in additional value for the UK economy by 2030. The UK government recognises the importance of digital technology for the economic future, jobs, prosperity, and global competitiveness. Similarly, the EU estimates realizing its Digital Decade strategy targets could generate €2.8 trillion in potential value.
In the second article of our digital transformation series, RSM experts explore the risks European businesses face when turning to external providers for assistance in their digital journeys. If you missed the first article, you can find it?here.
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3. TMT: A stand out sector demonstrating resilience
Despite challenging global economic conditions like high interest rates, energy costs, and cost-of-living crisis that have dampened activity in some sectors, the Technology, Media, and Telecoms (TMT) industry has exhibited resilience. TMT businesses have stood out from other sectors, with RSM advising on 127 completed TMT transactions across Europe in the 12 months to June 2023, more than any other sector.
In these insights, RSM's experts recommend expanding portfolios, exploiting cross-sell opportunities, and seeking synergy gains for profitability. They advise valuing tech assets carefully, focusing on recurring revenue, customer churn, and business resilience through diligence. Additionally, they suggest incorporating earn-out provisions to bridge pricing gaps, linking payments to future business performance, and requiring owner commitment.
4. Optimistic 2024 outlook tied to adaptation and sustainability
With 2023 now behind us, it's time to look ahead and anticipate the direction of the automotive industry in 2024. While the news cycles have been filled with headlines about the struggles and opportunities in this sector, certain topics continue to dominate the international conversation.
For instance, the electric vehicle (EV) revolution that we've all been eagerly awaiting still faces several obstacles, notably consumer adoption. Moreover, we're witnessing the emergence of new players on the global automotive stage, which could spell good news for consumers but also heightened competition for EU and US manufacturers. Lastly, the automotive supply chain remains under scrutiny, largely due to the challenges brought to light by the recent pandemic.
In this article, we delve into updates on some of our 2023 trends, with our subject matter specialists providing insights into what the future holds for us in 2024.
Don't miss RSM's Weekend Insights, find all the monthly issues here.