She said operating more efficiently will create room for critical investments and new initiatives.

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By making heavy operating investments into human resources, marketing, advertising, business development, and sales initiatives, the aggressive enterprise can create significant competitive separation during a time when many are pulling back on such expenditures.

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No matter how many initiatives like this are introduced, however, the security services will not catch every terrorist operating on western soil.

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Adjusted operating margin improved 110 basis points to 6.6%, attributed to higher volume and productivity initiatives which helped offset higher employee-related expenses, the impact of changes in product mix, and restructuring costs.

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The company said the actions are in addition to the ongoing cost reduction initiatives previously announced, which include a hiring freeze, business travel restrictions and other reductions in its operating expenses.

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Because Colombian departments are not permitted to raise taxes, most of Narino's operating revenue comes from sale of state-produced alcohol but there is little or nothing available to fund new initiatives.

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