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Winning in a downturn
Cost savings can help companies turn the current economic challenges into opportunities for growth.
A recent study by the Corporate Executive Board ranked improving cost discipline as the singular most important business imperative for 2009. Similarly, 53% of respondents in a recent Industry Week survey said cost pressures represented the biggest hurdle to success this year.
The current pressure on costs, as a result of the economic downturn, has exacerbated an already challenging environment with recent years witnessing high cost inflation on the back of rising raw material prices, and overheated, procurement and construction markets.
Shell has not been immune from these pressures, so Shell Global Solutions has devised ways of unlocking major efficiency improvements through cost-reduction programs at Shell assets. This methodology, the Shell Cost Reduction (SCR) program, can also be readily transferred to non-Shell clients in upstream, downstream and industrial markets.