CEOs are often held to high esteem in the world of business and problem solving, but a new survey from PwC this week has revealed that they aren’t immune to many factors outside of their control. This analysis is especially important as the fallout from the pandemic continues to affect businesses from around the world in different ways – both positive and negative.
So what did the survey find?
Revenue is returning in line with CEO confidence
It was found that 70 per cent of CEOs in Australia anticipated an increase in profitability while 88 per cent expected an increase in revenue growth over the next 12 months. In the longer-term, 92 per cent of Australian CEOs expressed confidence for the next three-year period. Mergers and acquisitions surged to 63 per cent in 2021, up from 34 per cent last year. Additionally, 84 per cent of Australian CEOs identified organic growth as a driver of organisational progress in 2021.
While welcoming the positive outlook, PwC Australia’s Chief Economist Jeremy Thorpe also gave his take on the fact that many businesses in the country have been sheltered from economic disaster by the government’s JobKeeper scheme.
“While the most…
