PwC examined how CEOs feel about the future of business in the 26th Annual Global CEO Survey.
A survey of 4,410 CEOs in 105 countries and territories was conducted from October – November of 2022. A series of in-depth interviews with CEOs were also conducted.
Key findings include:
1.) Nearly 40% of CEOs across all industries said they think their company will no longer be economically viable a decade from now if it continues on its current path.
2.) CEOs said the top challenges to profitability in their industry are changing customer demands/preferences (56%), changes in regulations (53%), and labor skills/shortages (52%).
3.) CEOs said they expect a moderate, large, or very large impact on their cost profiles (50%) and their supply chains (42%) from climate change in the next 12 months.
— CEOs in China feel particularly exposed, with 65% seeing the potential for impact in their cost profiles, 71% in supply chains, and 56% in physical assets.
4.) 53% of CEOs said they feel “very confident” or “extremely confident” in their company’s prospects for revenue growth in the next three years, an 11 percentage point drop from the previous year.
Find the original report here.
