New Survey Results: What are CEOs' priorities in the current economic environment?

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Recession. Cyberattacks. Inflation. Since Russia’s invasion of Ukraine, global CEOs have confronted a new world of extraordinary volatility and uncertainty, forcing many to reassess their growth assumptions and put strategic plans on hold. For the C-Suite Outlook Midyear—a special wartime update of an annual survey conducted by The Conference Board—our global team of experts polled more than 750 CEOs and other C-suite executives about the war’s impact on the perspectives, priorities, anxieties, and future plans of business leaders around the world. Among the highlights from our new report, which was featured in The Wall Street Journal: ·    Most CEOs expect a recession: Among CEOs globally, 15 percent believe a recession is already underway. Another 61 percent expect a recession is forthcoming in their primary region of operation before the end of 2023—if not earlier.   ·    CEOs say inflation is the war’s most damaging economic consequence: CEOs cite inflation issues—volatility in energy prices and higher input costs—as the top two issues that will affect their business in the next 12 months.   ·    How CEOs are mitigating inflation’s impact—passing on costs tops the list: 51 percent cite passing higher input costs onto consumers or end-users—the most-cited tactic; cutting costs is a close runner-up at 47 percent.   ·    Cybersecurity concerns skyrocket: 90 percent of CEOs are now concerned to some degree about Russian retaliation through cyberattacks, with 44 percent saying they are highly concerned. This marks a major change from January 2022, when just 16 percent of CEOs identified cybersecurity as a high-impact threat.   ·    The war is motivating CEOs to accelerate renewable energy investments: Among CEOs globally, 28 percent say they’re accelerating progress towards the use of renewable energy. Explore the full report here. And listen to a CEO Perspectives podcast about the results featuring The Conference Board President and CEO Steve Odland and Chief Economist Dana Peterson.   Terms Of Use  |  Privacy Policy  |  Trademarks ©2022 The Conference Board Inc. All rights reserved. The Conference Board, 845 Third Avenue, New York, NY 10022   This email was sent to john.dubas@premiersmi.com. To change your email preferences or to unsubscribe, click here.