Thriving through change

The Deloitte TP Change Management in Industries guide highlights why change management from an industry perspective is key to guiding multinational enterprises (MNEs) towards a new normal.

As a key sector in today’s world, the automotive industry has adapted their business models to the new demands of customers in part due to COVID-19. Consumer behaviour and the impact of COVID-19 has also impacted the consumer goods industry which, in turn, has had a significant influence on the tax and TP policies of MNEs.

Industry leaders in the transportation and hospitality industry are also redefining their operational priorities in response to COVID-19. As well as the pandemic, changes in the private equity sector have been driven by regulation and customer demand.

In the newly digitalised world companies are creating new sources of value with the introduction of the GOAL framework. The oil and gas sector has also seen a digital transformation with key industry forces driving forward this change. There has been an acceleration in digitalisation in the industrial products and construction industry with changes being made to business models as a result.

In the financial services industry, fintech business models can introduce complex TP issues and with the end of LIBOR drawing close there will be a significant TP impact for MNEs to navigate.

At a time when MNEs are evolving and embracing the changes in their respective industries, we hope you enjoy reading the practical insights explored in the first edition of Deloitte’s TP Change Management in Industries guide.

Click here to read Deloitte's TP Change Management in Industries guide