Remind Your Board to be Prepared for the Next Unforeseen Crisis
Fact: CEOs anticipate a decline in growth this year
These are high times for high anxiety among leaders. In January, many of them convened in Davos, Switzerland, for the World Economic Forum (WEF), and the recent PwC Global CEO Survey released there revealed a lot of pessimism in the C-suite.
For instance, nearly three-fourths of the CEOs surveyed anticipated a decline in growth in the coming year, and 39 percent were concerned that their businesses won’t be viable in a decade. Throw in some lingering supply-chain concerns and global conflicts, and it’s understandable why leaders feel unsteady.
Another recent survey puts some numbers around the feeling: According to a new report from the Conference Board, fewer than half of global CEOs surveyed say they’re prepared to handle crises around a pandemic or cybersecurity, or for a stretch of financial instability.
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