Screen Print India Magazine

Screen Print India Magazine

A Premier Magazine on Screen Printing, Textile Printing, Digital Printing


HomeBusinessExecutives in Emeging Markets Priortising Bottom Line: CEO Survey Reveals

Executives in Emeging Markets Priortising Bottom Line: CEO Survey Reveals

15 February 2023: High-level executives in emerging markets worldwide are adopting a cautious, back-to-basics approach towards growth and expansion in 2023, while making the bottom line their priority, amid geopolitical uncertainty and tight financial conditions, according to latest Global CEO Survey carried out by Global Research & Advisory Company Oxford Business Group (OBG).

Almost half of executives surveyed said they expected business conditions in their market to improve in 2023, with commodity price fluctuations cited as the biggest challenge faced, followed by exchange rate volatility and supply chain disruption.

Business leaders were also asked about their forecasts for revenue from in-country operations and the factors they thought risked negatively affecting corporate performance. In answer to these questions, 40% of respondents told OBG they anticipated revenue growth in the coming months, while a further 30% expected business to remain steady. Inflation gave respondents the greatest cause for concern, followed by the availability and cost of credit.

Other topical issues featured in the survey include a question on environmental, social and governance (ESG) principles. When executives were asked what single factor had influenced ESG commitments the most, responses were mixed, with an equal percentage (17%) citing regulatory requirements and corporate image and reputation.

Cornock said the results confirmed that while recovery from Covid-19 pandemic had produced significant growth and heightened economic activity in many of markets OBG covers, external factors, including inflationary pressure, high exposure to both commodity markets and the US dollar, as well as geopolitical uncertainty had combined to make caution current watchword for many business leaders.

“There are nonetheless strong indicators that CEOs are prioritising the bottom line, focusing on growth through balancing the books, and understanding prevailing macroeconomic risks and the global geopolitical backdrop,” he said. “OBG’s Yellow Slice countries are characterised by strong economic fundamentals, as well as youthful populations of early adopters. Harnessing these strengths, alongside the back-to-basics approach to business, looks to be the order of the day.”

Share With:

Screen Print India Weekly News Letter

Subscribe Now...