Crisis resilience: Swiss companies receive good marks

(Image: Pixabay CC0) - Swiss companies have been more financially resilient through the past years of crisis than their neighbors in Germany and Austria. A high equity ratio, an advanced degree of digitalization and uncomplicated support measures from the state have ensured that Swiss companies are highly resilient to crises. These are the findings of a study by Lucerne University of Applied Sciences and Arts. The economic impact of major crisis events is multifaceted. They ranged from declining sales, rising costs, supply chain problems and job losses to the destabilization of entire industries and economies. These effects were also felt in Switzerland during and after the coronavirus pandemic, followed by the war in Ukraine, the energy crisis and inflation. During this time, the crisis management of individual companies was essential in order to contain the extent of the negative effects.