CEOs Expect Recession, Plan Hiring Freeze

The KPMG CEO 22 Outlook report interviewed more than 1,300 CEOs across 11 countries. 86 per cent expect a downturn over the next year and three-quarters already have plans in place to deal with it.

“Gathering storm clouds over the global economy have had an impact on the normally upbeat view of CEOs,” KPMG’s Australian CEO Andrew Yates said.

80% of CEOs are planning to raise prices, to cover costs

81% are adjusting supply chains to deal with further supply chain disruptions

70% of CEOs expect a hit to earnings.

In this turbulent environment, is outsourcing and streamlining back-office operations a part of your organisation’s recession risk mitigation tools?

For your organisation to survive and thrive in this market, create a competitive edge by leveraging SBA’s back-office support solutions.

Accounting, IT, Admin, Marketing, and Cyber are all more of a burden during tough times. Streamline all of them by getting them done at a competitive price with a quality service from team SBA.

Recessions are as much about risks as they are about opportunities to streamline operations for growth.

Partner with team SBA to discover a critical competitive edge.

Source: Accountants Daily