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Board members and stakeholders are often surprised by the extent and complexity of such structures, which may in some cases, be counter to the strategic intent of the organisation. In this paper we share our views on reducing the legal entity footprint and achieving sustainable cost reductions and efficiency gains through a closer alignment between a simplified management model and simplified legal structures. 2009 Global Economic Crime Survey Industrial Products 1 Simplifying your industrial business PricewaterhouseCoopers 13th Annual Global CEO Survey The effects of the recent downturn were far-reaching, but as our new survey shows, CEOs continue to work Result to strengthen their organisations while Smarter seeking opportunities emerging from growth structural shifts in their industries, economies and regulatory environments.

PwCIL is not responsible or liable for the acts or omissions of any of its member firms, nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm, nor can it control the exercise of another member firm’s professional judgment or bind another member firm or PwCIL in any way.

The winners of the race will be those with an appetite for globalisation. Globalisation may introduce new risks and more complexity into the supply chain, but as this paper has discussed, the strategies to meet these challenges are known. Most are already in use in some form within the aerospace and defence industry. Others are evident in other high technology industries. Winners will adapt, expand and execute these strategies more quickly and more effectively than their competitors. By doing so, they will lead markets that will drive growth over the next twenty years and beyond.

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