Insights

Inflation has taken hold globally and won’t loosen its grip anytime soon. International mid-market companies need to take action to address it now. To help, Grant Thornton has developed a list of essential actions that we think companies should take now. These are set out below and in an accompanying video series, and are used to assess the current priorities and progress of mid-market companies.

To take advantage of the opportunities, companies that are preparing to start their operations in the Brazilian market need to plan their operations and optimize backoffice routines.

In this International Indirect Tax Guide, we navigate through the global VAT, GST and sales tax landscape.

As large organizations continue to go public with their workforce approaches, those that haven’t made long-term strategy decisions surrounding their workforce policy will soon need to do so. The result is many business leaders ask us if there is a consensus when it comes to designing an optimal hybrid/remote workforce strategy. The only consensus is there is no consensus.

How do you turn data into insight? Carolyn Sansom explores the six key skills you need to draw insights from data analysis to drive better decision making.

Progress towards female equality in senior leadership is accelerated when men act as allies. Informed by Grant Thornton’s research into the global mid-market, this article reveals what being a male ally looks like, and outlines the practical steps businesses can take to drive action and remove the organisational and cultural barriers to male allyship.

As far back as twenty years ago, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) changed the accounting of goodwill that still brings passionate debate to this day.

When spending money to attract customers, business leaders must first prioritize who they are targeting – new customers or familiar faces. The conventional wisdom in most consumer businesses, especially the restaurant, hospitality and retail sectors, is that 80% of a business’s sales comes from the top 20% of its customers – the “80/20 rule.”

The European Commission has proposed a Corporate Sustainability Reporting Directive (CSRD) and as part of this will adopt EU Sustainability Reporting Standards (ESRS). The European Financial Reporting Advisory Group (EFRAG) has been asked to provide technical advice to the European Commission in the form of fully drafted sustainability reporting standards.

From reporting periods starting 2024 onwards, the Corporate Sustainability Reporting Directive (CSRD) will require all large companies to report on sustainability policy and performance.

Clarity of purpose is obtained by simplifying decisions aligned to the organizational mission and by relentlessly focusing on delivering customer-centric experiences.

Before the pandemic, international business was mostly done through physical interactions – with people meeting in person to agree sales or receive a service. That changed with COVID-19. Grant Thornton’s research last year established that most international interactions currently take place virtually. It’s an important shift, and to better understand the implications of this new virtual world we spoke to Elaine Daly, global head of business consulting at Grant Thornton International Ltd.

Opening the door to diverse talent

Covid-19's impact on middle-market optimism is revealed.

After a first semester that was greatly impacted by the economic uncertainties caused by the pandemic, the Brazilian business community demonstrated in the International Business Repor (IBR), in the second semester, that it was more optimistic about the future of business.

Despite having presented a higher index than the one registered in the previous survey, Brazil dropped two positions in the ranking and is in 10th place among the countries most optimistic about business recovery.