• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Analysis.org

Intelligence Analysis in Market Context

  • Sponsored Post
    • Make a Contribution
  • Job Board
  • Market Research Reports
    • Technology Analysis
    • Events
    • Venture Capital Analysis
  • Domain Analysis
  • About
  • Contact

CEOs Lower Growth Expectations While Facing Uncertainty and Volatility as Their Greatest Challenges

June 29, 2022 By Analysis.org

In the latest Fortune/Deloitte CEO Survey, approximately half of CEOs expect strong growth for their organizations over the next 12 months, a decline from just over five months ago

NEW YORK, June 29, 2022 – Key takeaways

Approximately half of CEO survey participants have “very strong” or “strong” expectations about their organization’s growth over the next 12 months, down from 65% in January 2022.

More than 80% of CEOs surveyed expect inflation to influence or disrupt their business strategy within the next 12 months, surpassing labor and skills shortage from its previous top position but remaining a top disruptor for over half (59%) of CEOs.

When it comes to confronting the “Great Resignation,” the majority of CEOs believe allowing more flexibility and empowering employees will have far more impact than increasing pay or expanding benefits.

The focus on diversity, equity, and inclusion (DEI) has sharply increased, with 92% of CEOs indicating it’s been built into their strategic priorities and goals, up from 61% in June 2021.

When asked how the Russia-Ukraine war has adversely affected their organization, mental health implications for employees and families were mentioned the most by CEOs.

Why it matters to CEOs?
The Fortune/Deloitte CEO Survey series tracks the perspectives and actions of CEOs from the world’s largest and most influential companies. The survey gives key insights into CEOs’ priorities, challenges, and expectations across more than 15 industries, including technology, finance and health care.

Overview
As we enter the Summer of 2022, CEOs are becoming less optimistic, particularly about the global economy, where they see inflation and geopolitical instability having significant impacts on their businesses over the next 12 months. Still top of mind for CEOs, the effects of the “Great Resignation” also remain a major disruptor as business leaders deploy new tactics to attract and retain top talent.

CEOs see the year ahead as one of uncertainty and volatility
CEOs have traditionally remained a beacon of hope and optimism throughout turbulent times. However, after leading their organizations through an unprecedented health crisis over the last two years and now facing a new wave of social, political and economic disruptions, survey participants indicated their biggest challenges today are “uncertainty” and “volatility.” Other top challenges noted were “inflation,” “managing stakeholders,” “supply chain,” and “navigating change.”

When this survey was fielded in January 2022, there was a balance in CEOs’ expectations for 2022, with just as many describing their outlook as “hopeful” as those who viewed it as “uncertain.” Now, halfway into 2022, with a number of external factors including rising inflation, the mounting mental health crisis, and geopolitical instability, coupled with a broadening array of stakeholders with diverse interests, opinions, and expectations, it is not surprising that CEO optimism has declined.

Growth expectations trend downward, while optimism for company performance remains positive
As concerns about inflation and the market rise, CEO optimism regarding growth expectations for their organizations is down 16% from January 2022 and 28% from a year ago, with less than half saying they expect strong or very strong growth for their organization over the next 12 months.

Regarding CEOs’ personal outlook on the global economy, less than 10% take a very optimistic view. This marks a significant shift from five months ago when only 12% of survey participants felt pessimistic or very pessimistic about the global economy. Optimism about their industry and individual company performance shows a rosier picture at 46% and 72%, respectively.

Key quotes
“The complexity and uncertainty of the economic environment are weighing on CEOs today as they plan for the next 12-18 months while navigating a myriad of disruptive factors such as inflation and supply chain issues, talent and skills gaps, and geopolitical instability. But despite lower economic growth expectations shared by CEOs, they remain relatively optimistic about the performance outlook of their own organizations.”
— Joe Ucuzoglu, Chief Executive Officer, Deloitte US

“This poll shows that Russia’s invasion of Ukraine, persistent inflation, talent shortages, supply chain problems, and increasing forecasts of recession have all had their effect on the CEOs’ outlook. But it’s remarkable how confident they remain, in spite of that, in their own business prospects. Let’s hope they are right!”
— Alan Murray, Chief Executive Officer, Fortune

Disruptors are many and in flux
After spending the past two years navigating significant disruption, more than 80% of CEOs expect inflation to influence or disrupt their business strategy within the next 12 months. While labor/skills shortage has been unseated from its previous top position, it remains a top disruptor for more than half (59%) of CEOs. Geopolitical instability and supply chain disruptions round out the list (49% and 45%, respectively). When asked how the Russia-Ukraine conflict has adversely affected their organization, mental health implications for employees and families were mentioned most (32%).

To attract and retain top talent in an extremely tight labor market, CEOs report that providing greater flexibility (83%) and training leaders to empower and engage workers (62%) is more impactful in confronting the “Great Resignation” than expanded benefits (23%) and pay increases (26%). In addition, CEOs recognize that training is not just for leadership, offering that one way to confront the current talent gap could be through reskilling, upskilling, and more career development opportunities.

CEOs remain committed to DEI priorities
DEI practices have seen positive strides over the past year. CEOs are demonstrating their commitment, with 92% reporting that they have built DEI into strategic priorities/goals, up from 61% last year. Boards also demand more regular updates on DEI progress (71%), up from just 49% in June 2021.

And while more businesses are disclosing DEI metrics to employees (72%), up from 59%, less than half are disclosing those numbers externally (46%) compared to 33% a year ago. Furthermore, just over a third of CEOs (36%) indicate DEI goals are linked to individual performance and pay, which was only a slight increase from a year ago (30%).

Survey methodology
Fielded between June 7 – 15, 2022, 116 leading CEOs representing more than 15 industries shared their perspectives, expectations, thoughts, and priorities for the next 12 months. Those leaders surveyed include Fortune 500 CEOs, Global 500 CEOs, and select CEOs in the global Fortune community.

Check out the full report here:
https://www2.deloitte.com/us/en/pages/chief-executive-officer/articles/ceo-survey.html

Connect with us on Twitter @DeloitteUS or on LinkedIn @Deloitte.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 345,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

SOURCE Deloitte

Filed Under: Briefing Tagged With: economy, Recession

Primary Sidebar

Market Research Media

Agile Leadership: Leading Agile Teams for Success
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
Unrestricted Streaming: How VPNs Can Enhance Media Consumption Experience
How the world’s biggest companies have built and defended their moats
Virtual Learning Environments: A Game-Changer in Education?
Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem
Turn Your Story into a Game: The Art of Gamifying Your Plot

Market Analysis

DevOps and Agile: Integrating Development and Operations
China’s Use of Golden Shares: From Reducing State Role to Quietly Controlling Tech Giants
Why Amazon Acquired One Medical: Disrupting the Healthcare Industry with Technology-Enabled Care
The End of an Era: Why China is No Longer Viable as the World’s Factory
Cloudflare’s FedRAMP authorization opens up a huge market opportunity in the US government sector
Datadog’s strong financial results for the fourth quarter and fiscal year 2022 provide a solid case for a Buy recommendation
Cisco: Struggling to find new avenues of growth

Secondary Sidebar

Venture Capital

African Venture Investment Soars to Record High, Fueled by Tech Startups
Pitchly Secures $7 Million Series A Funding for SaaS-Based Data Enablement Solution
Agile Project Management: Roles and Responsibilities
Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
GameTech Startups Attracting Venture Capital Funding: The Importance of VPN Security

Technologies

AI Developer
Nvidia’s Lead in AI: Disrupting the Tech Industry
Canva Launches Brand Management Features and AI-Powered Design Tools to Empower Creatives and Professionals
Cloudflare Enters Fraud Detection Market with Cloudflare Fraud Detection
Devices utilizing Wi-Fi HaLow technology are gaining momentum

Footer

Recent Posts

  • Agile Planning and Estimation Techniques
  • The Role of Artificial Intelligence in Data Analysis: Applications and Challenges
  • Data Analysis for Healthcare: Improving Patient Outcomes through Data-Driven Insights
  • Analytics in Sports: How Data Analysis is Changing the Game
  • Data Visualization: Tips and Tricks for Creating Effective Visuals
  • Modern Data Analysis Tools: From Excel to Python
  • The Ethics of Data Analysis: Balancing Business Interests with Consumer Privacy
  • The Future of Big Data Analysis: Trends and Predictions for the Next Decade
  • The Evolution of Data Analytics: From Descriptive to Prescriptive Analytics
  • The Importance of Web Analytics: Understanding and Optimizing Your Website Traffic

Media Partners

  • Exclusive Domains
  • Press Media Release
  • Briefly
  • OPINT
  • VPNW
  • S3H
  • Domain Aftermarkets
  • App Coding
  • API Coding
  • Blockchaining

Media Partners

  • Technology Conferences
  • Event Sharing Network
  • GameTech Market
  • Cybersecurity Events
  • Event Calendar
  • Calendarial
  • Domain Market Research
  • 3V
  • Technology Jobs

Copyright © 2017 Analysis.org

Technologies, Market Analysis & Market Research Reports

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT