Big Four audit and consultancy firm PwC has released its annual global CEO survey, showing that 40 per cent of global CEOs believe their organisation “will not longer be economically viable in ten years’ time, if it continues on its current course.”
The stark figures show that executives around the world are coming to terms with a rapidly changing global and business landscape. The survey assessed the views of 4,410 CEOs in 105 countries and territories, and revealed that “most of those CEOs feel it’s critically important for them to reinvent their businesses for the future”.
A staggering 75 per cent of those surveyed believe the world economy will see declining growth in 2023, signifying the scale of near-term and immediate challenges to their businesses.
PwC organised the survey results into nine tough questions, which fall into three sections:
The race for the future; Today’s tensions; and A balanced agenda.
The survey analyses CEOs beliefs on the long-term viability of their company, the tensions impacting their businesses as they strive to implement their strategies and lastly, it assesses the balancing-act CEOs must achieve if they want to deliver in full.
For an overview of the survey results, click here.
‘Business must not become shorthand for questionable dealings’, says Quinco Holdings Executive Chairman
Norman Aquilina calls for a clear distinction between legitimate business and improper conduct.
Eurocargo Logistics integrated into Gollcher Group as Luke Vassallo takes on new role
Luke Vassallo joins Gollcher Group as Freight Manager.
Grant Thornton Managing Director says offshoring can help manage economic growth
George Vella says financial services sectors can grow without straining the infrastucture.
Ioannis Mavroudis Mavridis to serve as interim CFO at GO’s Cablenet
This announcement comes as Velisarios Masouras steps down from CFO in October.
