The global economy is now underway one of the most uncertain periods in terms of macro economy and businesses. At the recent twenty- second Annual Global CEO Survey, conducted by management consulting giant PwC, more than a thousand business leaders were surveyed. While the figure stood at only eight percent last year, this year, fifteen percent were unable to name any exciting growth market beyond their own. The likes of USA, Germany and China that were on top of this list last year, found themselves lowered, while Canada, India and Brazil came up in it. Another concern is that last year about a third of the CEOs answered positive in their worry towards the ongoing trade wars, this year the figure jumped to forty- five percent, who are already trying to shift their corporate strategy and the supply chains alongside. Manufacturing costs are rising, with stronger suppliers in emerging markets. New consumer markets are also rising, at places often embedded with regulatory and political uncertainties. New market entry isn’t always so straightforward, so companies will need to cleverly realign their respective footprints.

Source:https://www.strategy-business.com/article/Growth-strategies-for-an-uncertain-world?gko=6710e

Uploaded Date:27 December 2019