Mar 23 • 07:35 UTC 🇱🇹 Lithuania Lrytas

Research: businesses cite 7 areas of inefficiency, mainly see opportunities in infrastructure improvement

A recent study reveals that Lithuanian companies identify their sales and cost management as the least effective areas, while emphasizing the importance of infrastructural improvements.

According to a recent study, Lithuanian businesses are increasingly recognizing inefficiencies in their operations, particularly in sales, which 32% labeled as ineffective, and cost management, identified by 27%. The challenges also extend to logistics and human resource management, affecting 21% and 20% of the respondents, respectively. This trend has seen consistency for the second consecutive year, indicating a growing awareness among businesses regarding these inefficiencies.

Mykolas Čiplys, head of sales and leasing at Darnu Group, highlighted that companies see the most potential for improvement in their rented or owned infrastructure. The survey underlines that for small and medium enterprises, well-developed infrastructure—such as logistics, parking, and service accessibility—holds the most value in striving for increased efficiency. Nearly half, 48%, of firms underscored the significance of infrastructure, while 37% highlighted the importance of strategically convenient locations, and 34% pointed out modern, functional work environments as essential factors.

This insight reflects a shift in how companies are strategizing for growth and efficiency by focusing on their operational environment. As businesses cope with these challenges, the emphasis on improving infrastructure might lead to better logistics and overall productivity, ultimately impacting market competitiveness. This study serves as a crucial reminder of the underlying infrastructural dependencies that affect business efficiency, shaping the future landscape of the Lithuanian economy.

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