PR93701

NEW YORK, Dec. 15, 2021 /PRNewswire=KYODO JBN/ --

More than 80% of global chief executives across 44 industries believe economic

growth will remain strong in 2022, although it's not without a high level of

uncertainty, according to a new survey by YPO (

https://c212.net/c/link/?t=0&l=en&o=3390168-1&h=179962671&u=http%3A%2F%2Fwww.ypo.org%2Fglobal-pulse&a=YPO

).

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Conducted 18 November – 5 December with 1,700 chief executives in 101 countries

responding, top YPO Global Pulse Survey findings include:

    -- Things are looking up for many companies in terms of revenue growth and

       hiring.

       -- Among those surveyed, 37% reported a 20% increase in revenue or more

          since the beginning of 2021, and only 17% saw a decrease of 10% or

          more since the beginning of the year.

       -- Hiring has picked up, with 38% of respondents experiencing a 10%

          increase or more in the number of employees since the beginning of

          2021, though 45% of firms said their total head count is about the

          same as it was in early 2021 and 16% said they saw a decrease.

    -- Most chief executives (71%) are very or somewhat concerned about the

       impact of inflation on their businesses next year. U.S. leaders (77%)

       are more concerned about inflation than their global counterparts.  

       -- Inflation concerns could spell bad news for consumers, with

          respondents in the Food and Beverage (74%), Manufacturing (73%)

          and Retail and Wholesale Sales (62%) industries planning to raise

          prices in response to inflation.

    -- There seems to be no immediate end in sight for supply chain issues,

       with only 2% of respondents believing they will be resolved in early

       2022. Thirty-nine percent believe resolution will come at the end of

       2022, and 38% expect it in 2023 or later.

    -- The global labor shortage continues, with 67% of respondents saying it

       is somewhat or very difficult to find employees for the general

       workforce and 57% of respondents reporting the same levels of difficulty

       when it comes to C-suite and executive hires.

    -- Even though only 1% of executives surveyed believe employees are more

       productive at home, 74% of business leaders shared that some form of

       flexible work arrangements will become permanent.

    -- With pandemic pressures taking a toll, some businesses are improving

       mental health benefits, with 35% reporting some type of mental health

       investment for employees and 16% planning to add one.

    -- Heading into 2022, YPO members shared all business leaders should

       focus on:

       -- Improving employee engagement and work culture/retention

       -- Exploring alternative cash streams/protecting existing cash flows

       -- Preparing for inflation

       -- Planning for supply chain issues

       -- Understanding evolving customer needs

YPO Global Pulse Methodology:

The YPO Global Pulse was conducted by YPO from 18 November – 5 December 2021

via an online questionnaire. A total of 1,700 YPO members responded and

represent 101 different countries. The margin of sampling error is plus or

minus 2.3 percentage points at the 95 percent confidence level.

About YPO:

YPO is the global leadership community of more than 30,000 chief executives in

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

better leaders. Visit ypo.org (

https://c212.net/c/link/?t=0&l=en&o=3390168-1&h=2950229843&u=http%3A%2F%2Fwww.ypo.org%2F&a=ypo.org

) for more.

SOURCE  YPO

CONTACT: Amy Reid, areid@ypo.org