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2011 risks: cost-cutting and pricing pressures.

What win be major concerns for Canadian businesses in zo11? According to Ernst & Young's annual Global Business Risk Report cost-cutting and pricing pressures sit amongst eight other risks.

"We're seeing intense competition in the global marketplace that only looks set to escalate." says Anne-Marie Hubert, Ernst & Young's Advisory practice leader in Canada. "As Canadian companies fight for market share against a backdrop of slow growth in developed countries and a land-grab in emerging markets, it's no surprise that pricing pressure is the biggest climber this year and, in order to price right, companies need to optimize costs."

In light of current and forecasted growth rates, emerging market demand growth was cited as the top business opportunity for 2011.

The report pinpoints excellence in investor relations as a top 10 opportunity, which is significant for Canada as public companies complete the transition to IFRS and look for ways to be more transparent and win the confidence of investors.
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Title Annotation:New and Noteworthy
Publication:CMA Magazine (Mississauga)
Date:Mar 1, 2011
Words:157
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