Pakistani Chief Executive Officers (CEOs) shared perspectives on critical business aspects in PwC’s 27th Annual Global CEO Survey – Pakistan, revealing insights into their strategic considerations amidst economic challenges.
The survey, encompassing 62 CEOs from diverse sectors, provides a comprehensive view of the country’s business landscape.
Pakistani CEOs identify inflation, macroeconomic volatility, and geopolitical conflicts as primary threats affecting their businesses.
The survey discloses that 55% anticipate high exposure to inflation, 47% to macroeconomic volatility, and 27% to geopolitical conflicts in the coming year, shedding light on the challenges faced by businesses in the current economic climate.
A significant finding reveals that 42% of CEOs harbor concerns about the long-term economic viability of their companies if the existing business model persists over the next decade.
This emphasizes the need for strategic adaptations and business model innovations to ensure sustained viability and competitiveness.
Looking ahead, 63% of CEOs anticipate a surge in competitive intensity within their industries over the next three years.
Factors such as new entrants, innovative products, and pricing approaches contribute to this expectation, emphasizing the dynamic nature of the business environment.
Despite challenges, CEOs showcase optimism regarding the short to medium-term growth of their companies.
A notable 95% expressed confidence in the revenue growth over the next twelve months, with a slight decline to 92% when extending the timeframe to three years.
Government regulations have a significant impact on value creation, according to 77% of CEOs. This underscores the crucial role regulatory frameworks play in shaping business strategies and operations.
CEOs believe that generative AI will profoundly transform the way their companies create, deliver, and capture value in the next three years, with 68% expressing this view.
Additionally, 93% consider improving energy efficiency as the most significant climate action, highlighting a growing focus on environmental sustainability within the business community.
In conclusion, insights from PwC’s Annual Global CEO Survey – Pakistan provide a nuanced understanding of the challenges and opportunities faced by businesses in the country.
CEOs’ strategic considerations underscore the importance of adaptability, innovation, and proactive approaches to navigate the evolving business landscape.
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Much Interesting Article specially the part which describes 42% of CEOs harbor concerns about the long-term economic viability of their companies if the existing business model persists over the next decade.