Macroeconomic uncertainties, stubborn inflation leading to several hikes in interest rates, and the Russia-Ukraine war have created a challenging environment for chief executive officers worldwide. As they strive to keep their balance sheets healthy, CEOs have adopted many new strategies. A few surveys show what is on their minds as they face down these impediments
33% of the Indian CEOs surveyed had an optimistic view about the country’s economic outlook over the next 3-5 years, per Arthur D. Little
As per Gartner, 64% of boards expect to increase their risk appetite in 2023-2024 while 48% of boards see recession and economic uncertainty as the biggest constraints to growth in 2023-24
While 22 per cent CEOs expect the global economy to expand in the next three to five years, 37 per cent say it will shrink, as per Arthur D. Little’s ‘Turning turmoil to advantage: How CEOs are navigating change to drive growth’ report
A majority of Indian CEOs believe changing customer demand will have a bearing on profitability over the next decade, as per ‘PwC: 26th Annual Global CEO Survey’ Europe
Going ahead, sustainability, new technologies and AI are expected to drive a majority of the growth, as per Arthur D. Little
Macroeconomic volatility, inflation and climate change stand out as the key threats in the next five years
Reducing operating costs and diversifying products and services are top priorities for CEOs in India, as per ‘BCG: The CEO Outlook’ survey
Companies are showing a strong appetite to invest on multiple fronts, with talent retention and innovation at the top of the list