Global Chief Executives' Business Outlook Is Increasingly Mixed Compared to March

YPO

Global Chief Executives' Business Outlook Is Increasingly Mixed Compared to March; Almost All Agree Recent Business Adjustments Will Have Long-Term Benefits According to New YPO Survey

 

AsiaNet 85951

 

NEW YORK, Oct. 6, 2020 /PRNewswire=KYODO JBN/ --

 

-- Over 2,500 chief executive respondents have a firmer grasp on how to

navigate this new reality

 

Nearly half of chief executives in 100 countries reported a significantly more

negative business outlook than on 1 March 2020, according to a new survey by

YPO (

https://c212.net/c/link/?t=0&l=en&o=2940595-1&h=272532105&u=http%3A%2F%2Fwww.ypo.org%2F&a=YPO

), the global leadership community of 28,000 chief executives.

 

Logo - https://mma.prnewswire.com/media/1065220/YPO_Logo.jpg

 

While 49 percent have a negative outlook, more than one-third (37%) of

respondents said their business outlook is slightly or significantly more

positive in this new survey, YPO Global Pulse: The New CEO Frontier: Leading in

the Post-COVID World (

https://c212.net/c/link/?t=0&l=en&o=2940595-1&h=1132581801&u=https%3A%2F%2Fwww.ypo.org%2F2020%2F10%2Fypo-global-pulse-survey-offers-glimpse-into-what-ceo-of-the-future-looks-like&a=YPO+Global+Pulse%3A+The+New+CEO+Frontier%3A+Leading+in+the+Post-COVID+World

). Both sentiments represent a notable improvement over previous YPO Survey

data (

https://c212.net/c/link/?t=0&l=en&o=2940595-1&h=291904551&u=https%3A%2F%2Fwww.ypo.org%2F2020%2F06%2Fbusiness-outlook-improves-among-global-chief-executives-in-latest-ypo-survey%2F&a=YPO+Survey+data

).

 

Conducted 21-24 September with 2,572 respondents, the survey offers insights

into business leaders' current economic outlook, business predictions a year

out, and perspectives on the pandemic's permanent impact on the workplace.

 

Key additional findings include:

 

    -- Leaders are most optimistic about revenue growth in the next 12

       months, but respondents were split with 39% anticipating a 10% or more

       increase in revenue while 35% anticipate a 10% or more decrease.

    -- Workforce outlooks are less variable. Most (45%) expect their total

       number of employees to be the same in a year, while 30% foresee their

       total number of employees to be down by 10% or more.

    -- Many (40%) leaders expect their total fixed investments to remain the

       same in the next year with the rest evenly split between a more than

       10% increase or decrease.

    -- Flexible work arrangements for employees are here to stay. Over three-

       quarters (78%) of chief executives report they will continue to offer

       them in a post-COVID world.

    -- Chief executives believe business adjustments they made to

       digital/technology investments (51%), leaner operations including

       workforce reductions (46%) and increased agility (43%) as a result of

       the pandemic will have the biggest long-term benefits.

    -- Business travel is still uncertain. While most (47%) business leaders

       are comfortable now travelling to a local in-person event, comfort

       around global travel is highly mixed with 12% now ready while 27% are

       unsure when they will be ready.

 

YPO Global Pulse Methodology:

The YPO Global Pulse: The New CEO Frontier: Leading in the Post-COVID World was

conducted by YPO from 21-24 September 2020 via an online questionnaire. A total

of 2,572 YPO members responded to the survey. The margin of sampling error is

plus or minus 1.84 percentage points at the 95 percent confidence level.

 

About YPO:

YPO is the global leadership community of more than 28,000 chief executives in

142 countries who are connected by the shared belief that the world needs

better leaders. Each of our members have achieved significant leadership

success at a young age. Combined, they lead businesses and organizations

contributing USD9 trillion in annual revenue. YPO members inspire and support

each other through peer learning and exceptional experiences in an inclusive

community of open sharing and trust. Visit ‪ypo.org (

https://c212.net/c/link/?t=0&l=en&o=2940595-1&h=2344763168&u=http%3A%2F%2Fwww.ypo.org%2F&a=%E2%80%AAypo.org

) for more.

 

SOURCE YPO

 

CONTACT: Amy Zelvin Reid, areid@ypo.org, +1 646 678 0575

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