As of Oct. 11, 42,700 plaintiffs are suing Bayer. The business is fighting thousands of lawsuits which allege that its products, including its signature Baby Powder, have caused cancer and mesothelioma. Still, the firm is having a difficult year and its share price has fluctuated as a consequence. 1 health care company on the planet, Johnson & Johnson is well-insulated from calamities thanks to its sheer size and diverse range of products. 15 companies facing a make-or-break 2020 Daniel Coughlin 12/10/2019. Despite having lucrative partnerships with 140 central banks to print money, the U.K. company reported a pre-tax loss of $15.7 million and a massive drop in profits for the six months prior to late September. An uncertain political climate can often impact business, as it can lead to fluctuations in the economy that can affect things like consumer spending. ... How companies facing … Solution: NewsCred’s CMP ties revenue to specific pie… The firm's legal troubles are likely to intensify in 2020. leading to multiple customer touch points, it can be incredibly difficult to pin down which content activities are directly attributable to closing a deal or leading to a sale. Bayer's acquisition of controversial agrochemical company Monsato last year has proven to be an unmitigated disaster for the German pharmaceuticals conglomerate, battering both its reputation and bottom line. Read more: Court battles that cost big companies billions. Businesses are nervous about taking risks in the current economic climate, but innovation is important to keep your business relevant in today’s world. Yet the condiment maker is grappling with changing tastes as people shun its processed products for healthier alternatives. Shares in the U.K. postal operator, which was fully privatized in 2015, fell to record lows in November after the company announced a significant drop in profits and warned of a huge decline in letter volumes in the U.K. during the second half of 2020. Equally valid for small enterprises and large corporations, staying ahead of the game is fine art for any organization out there. The Italian government has ploughed billions into Alitalia. Yet while sales were up 6.1% in the third quarter of this year compared with the same quarter last year, profits were down more than 60%. Now find out: How companies facing a make-or-break in 2019 fared, Like us on Facebook to see similar stories, Utah monolith: Several explorers found its location, deep in the desert, Poland's 'revolution that we cannot stop'. The parent company of Victoria's Secret and Bath & Body Works, L Brands, has seen its share price fall significantly this year. Needless to say, the De La Rue share price has been in freefall for months. Revlon is gradually losing market share to online-only and luxury brands. Tellingly, Elizabeth Arden, the relatively high-end brand Revlon snapped up in 2016, is the only division that is doing well. social, blog, newsletter, webinar, etc.) Though the retailer has introduced a number of innovations, including a collaboration with Amazon that will enable customers to return online purchases in its stores, Kohl's announced the closure of several off-price locations back in June, and more recently reported gloomy results for its third quarter. The app is also the subject of a class-action lawsuit filed in California alleging TikTok "clandestinely" harvested user data and transferred it to servers in China. Is that something you want to embrace, or would you prefer to keep the human touch, even if it means falling behind the competition? Separately, Congress held a hearing in November on censorship and other concerns posed by Chinese apps. On top of all this, Johnson & Johnson has dropped several spots on Interband's Best Global Brands list, and is also dealing with patent losses that have shaved $2 billion off sales this year. While this will be set to be a huge challenge as we move into 2020, many businesses have already found that through being innovative over the past year that they are staying ahead of the game. And although the company has managed to avert a planned strike this Christmas by winning a High Court injunction, the threat of industrial action, which could be extremely damaging for the firm, is ever present. Seniors On Medicare Are Getting a Big Pay Day in 2020, Expert: “This credit card is so good I signed up personally”, © Photographer: Dimitrios Kambouris/Getty Images, Big bosses who profited when their businesses were going under, Successful people who have continued working past retirement age, Court battles that cost big companies billions, The famous-name stores that could disappear in 10 years, How companies facing a make-or-break in 2019 fared. ByteDance's TikTok app has taken the world by storm, amassing more than a billion users worldwide. The global company has experienced several legal setbacks, and in November 2019 lost its licence to operate in London, the company's leading European market, due to safety breaches. Despite losing $2 billion in 2018, the real estate industry disruptor was valued at a stratospheric $47 billion in January ahead of its planned October IPO. Since it went public in May, Uber's share price has tanked almost 30% and, while the firm beat Wall Street expectations in its third quarter, it nonetheless reported over a billion dollars in losses, adding to the $6.2 billion the business hemorrhaged during the previous two quarters ($1 billion in the first quarter, and $5.2 billion in the second). Compounding its problems, the company is being investigated for suspected corruption relating to its activities in South Sudan. This is nothing new for the taxi app, which has previously been forced to leave countries such as Denmark in 2016 after a ruling that all taxis need to have a fare meter and Hungary in 2016, among others. Workforce Planning – Balancing Demand and Supply, 5 Ways How Globalization Impacts Small Businesses, 7 Essential Tips For Opening a Mechanic Shop, Have An Eye for Eyewear? The firm has responded with an ambitious restructuring and cost-cutting plan, but if the turnaround is unsuccessful chances are it could collapse. Last year De La Rue lost its plum U.K. passport contract and had to write off a hefty debt owed by Venezuela's central bank. 2020 promises to be an exciting year in global politics, from the impact of Brexit to the United States presidential election in November. What’s needed are new structures designed to cope with the unprecedented conditions of 2020 and beyond. Technology is making it easier to overcome these challenges, but in some cases, face to face work is still going to be needed. Here’s How to Start Your Own Optical Business, The Importance of Presentation Skills in Business, A much larger pool of candidates to fill roles, Potential salary savings as workers aren’t paying to commute. Even Gap's once-star Old Navy, the retailer's most profitable concept, is dealing with falling sales. British banknote provider and passport maker De La Rue, which has been in business for almost two centuries, is in dire straits. As it stands, Alitalia's future looks bleak. However, within the next 10 to 15 years, that percentage could rise significantly as machines become capable of autonomy, so it’s something that all industries need to think about. Unexpected Death of a Business Owner: What Happens Now? Adding to the multitude of traditional retailers that are struggling to thrive, department store chain Kohl's is having a hard time adapting to the new normal. Proving campaign and content ROI is the number one challenge for marketing executives. The company has appointed a new CEO in Miguel Patricio and rehired former CFO Paulo Basilio to turn things around and what they do in 2020 will prove crucial. A study by Upwork predicted that nearly 75% of teams across the world will have remote workers in the next decade, which could mean major cultural shifts. Read more: The famous-name stores that could disappear in 10 years. While major backer SoftBank has stepped in with a bumper rescue package, WeWork is shedding 20% of its workforce to stave off bankruptcy and is in for a very tough 2020 indeed. The company has also been sued for its role in the opioid crisis and was recently ordered to pay $8 billion in damages for neglecting to warn that the anti-psychotic drug Risperdal could cause male breast growth. The company, which counts key shopping brands such as Topshop, Burton and Dorothy Perkins among its portfolio, posted losses of $179 million for the year preceding September, along with a 4.5% drop in turnover, as growing competition from online retailers and rising property costs eat away at the firm's bottom line. Bayer inherited a multitude of lawsuits surrounding Monsanto's glyphosate-based weed killer Roundup, which is allegedly linked to cancer. Gap Inc. is one of the numerous businesses struggling with declining sales, particularly in its brick-and-mortar locations, with people increasingly moving online and ditching the company's Gap, Banana Republic, Intermix and Hill City brands for more budget-orientated alternatives.