Recession Readiness: How Good Is Your Financial Warning System?

The economy has slowed. Many regions and industries are headed for a recession, or at least a downturn—and 35% of executives surveyed by AlixPartners expect a down cycle that lasts three years or more. Inflation is high; interest rates are rising; bubbles are bursting. Uncertainty clouds everything.

So what are you doing about it?

Business-as-usual won't cut it in unusual times. That's especially true for technology companies, their leaders, and their investors, because when it comes to disruption, technology is both a driver and a passenger—the cause of change in their clients' business, but also an industry that disrupts itself again and again. More than that: As recent stock market performance shows, tech companies are far from immune to the business cycle; indeed, when AlixPartners asked 3,000 executives how they feel about their company's prospects in a recession, leaders of tech companies were more pessimistic than any industry group except retailers.