CEOs & Revenue — A Five Year Low

PwC did a survey of 4,000 CEOs in 95 countries about revenue growth. The annual survey painted a picture that isn’t all that pretty. Just 30% of CEOs are sure about revenue growth over the next year. It’s the lowest level PwC has seen in five years.

Most CEOs worry about the uncertainty of political developments around the world, ever increasing cyber threats and huge leaps in technology that are rapidly changing the face of business around the globe.

Trade tariffs worried 10% of the CEOs and they said the tariffs have cost them income. Another third are frightened about cyber threats. The big threat — 42% — is from changes in technology coming at a frightening pace.

“The biggest question on CEOs’ minds is whether they are transforming fast enough to keep pace with technological change, including artificial intelligence,” the survey noted.

When it comes to AI, 56% say they haven’t seen much benefit yet while 33% note gains in revenue or cost savings because of AI. The remaining 11% say they’ve seen wins in both revenue and cost savings.

Source link: Insurance Journal — https://bit.ly/3NEBZ3b