When the COVID-19 pandemic emerged as a serious challenge for
corporations at the start of 2020, it seemed as if the business
environment could hardly be more volatile. Yet nearly three years
later, COVID-19 is still present, and serious geopolitical tensions
with massive economic implications are contributing to even greater
volatility.
This environment is already driving several German companies to
consider or initiate fundamental restructurings — with
experts anticipating many more to come. But unlike previous eras,
affected companies may find the process for reaching financial and
operational stability more complex and unpredictable. That's
because a multitude of crises combined with ongoing issues from
before the pandemic are creating so much uncertainty.
