According to a recent survey by consulting firm PwC, more executives are feeling optimistic about the global economy. However, a growing number of CEOs are expressing concern about the future viability of their companies due to pressures from climate change and artificial intelligence (AI).
The survey, which included responses from over 4,700 CEOs worldwide, revealed that 38% of executives were optimistic about the strength of the economy, a significant increase from 18% the previous year. Additionally, the CEOs’ expectation of economic decline dropped from 73% to 45%. This positive outlook comes despite ongoing geopolitical conflicts and disruptions to global trade.
While executives are feeling more positive about the overall economic landscape, they are less confident in their companies’ ability to withstand significant changes. The survey showed that 45% of CEOs are worried that their businesses will not be viable in a decade without a major overhaul, up from 39% the previous year. Executives cited challenges such as regulation and a lack of skilled workers as obstacles to transformation.
Artificial intelligence was seen as both a valuable tool and a potential weakness by CEOs. Nearly three-quarters of executives believed that AI would significantly change the way their companies operate in the next three years. However, 69% of CEOs expressed concern over the need to train workers to use AI effectively, as well as the increased cybersecurity risks and misinformation associated with the technology.
The survey also revealed that climate change is seen as both an opportunity and a risk. Almost a third of CEOs believe that climate change will impact how they conduct business in the next three years. While many executives have taken steps to increase energy efficiency, only 45% have made progress in incorporating climate risks into financial planning.
Overall, the survey indicates a mixed outlook for the coming years. While executives are more optimistic about the economy, they recognize the need for significant changes to address the challenges posed by climate change and AI. The findings highlight the importance for companies to adapt and innovate in order to ensure their future survival.
The source of the article is from the blog lisboatv.pt