![]() Lean into growth even amid uncertainty. ![]() Many of these investment areas can help improve efficiency and scalability and introduce new technology to boost productivity as companies continue to deal with talent shortages. Internally, they’re increasing investments in digital transformation (53%), IT (52%), cybersecurity and privacy (49%) and customer experience (48%). Seventy percent tell us they’re considering an acquisition as a result of the current business environment. With growth in mind, executives are exploring both acquisitions and increases in internal investment. Climate change was also low (23% consider it a serious risk), even with the growing emphasis on environmental sustainability at most companies. As a result, executives may be shifting from an active concern about the business environment to focusing on growth. This slight shift is also reflected in our survey, with 62% of executives now saying it's likely that inflation will remain elevated for the next 12 months, down from 69% in January. Inflation, while still high, showed some signs of stabilizing in July. The unemployment rate, for instance, edged down to 3.5%. This comes as some economic data indicates signs of improvement. Recession was also well down on the list of business risks (only 30% consider it a serious risk, despite 60% of executives saying a recession is likely in the next year). Talent acquisition and retention (38%) and rising production costs (34%) are close behind.Īmong the less-frequently-cited risks were geopolitical factors like US-China relations (27% of respondents consider this a serious risk), a prolonged conflict in Ukraine (22%) and US societal unrest (17%). Cyber tops the list, with 40% citing more frequent and/or broader cyber risks as a serious risk. Tested by the pandemic, business executives are now more prepared for the future, and 69% of respondents say that they’re referring to a lessons-learned playbook developed out of COVID-19.īusiness executives are cautiously optimistic despite a challenging business environmentĮxecutives cite a long list of business issues as serious risks to their companies.Almost two thirds (65%) of executives tell us they’re focused on developing or refining their trust strategy. As the yardstick for company performance expands beyond financial metrics, companies have an imperative to build trust and transparency among their stakeholders.After two years of remote work, many companies simply need less space, and they’re allocating capital accordingly. While companies continue to invest in many areas of the business, they’re scaling back the most in real estate and capex.Cyber threats are no longer solely the domain of the CISO. ![]() 1 business risk, with 40% of all respondents listing more frequent and/or broader cyber attacks as a serious risk (and another 38% calling it a moderate risk). Yet even as companies fret about human capital, in particular the need for people with the skills to help them grow, they’re taking steps to streamline the workforce.
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