As COVID-19 restrictions continue to lift in some countries while others remain in lockdown, PwC’s latest COVID-19 CFO Pulse survey reveals that CFOs are most concerned about the effects of a global economic downturn (60%) and the possibility of a new wave of infection (58%). However, they are very confident that they would be able to respond effectively to a new wave of infections (71%).
The survey of 989 CFOs in 23 countries and territories also found that CFOs have shifted their focus to bringing people back to a workplace that has fundamentally changed. Only twenty six percent of CFOs anticipate productivity loss due to the lack of remote work capabilities in the coming month, and 52% are planning to make remote work a permanent option for roles that allow.
Melanie Butler, Partner, PwC United Kingdom, comments:
“As a number of economies slowly start to reopen, it is becoming increasingly clear that businesses have a key role to play in learning to operate alongside a virus that remains a threat. Companies will need to implement the right measures to keep their employees safe and look at new ways of working to survive and thrive moving forward. Several common themes emerge from CFOs in all the countries we surveyed: concern about a new wave of infection and how to keep people safe, the need for agile plans to navigate a global economic downturn and re-engage customers, and the pursuit of new revenue streams through innovations.”
Key findings of the survey include:
Notes to editors
PwC’s latest COVID-19 CFO Pulse surveyed 989 CFOs from 23 countries or territories from 1-11 June, including: Central and Southern Africa*, Brazil, Caribbean**, China/Hong Kong, Cyprus, Denmark, France, Germany, Greece, Ireland, Japan, Lithuania, Malaysia, Mexico, Middle East***, Netherlands, Portugal, Singapore, Sweden, Thailand, Turkey, US and Vietnam
*Representatives from Ghana, Kenya, Mauritius, Namibia, Nigeria, South Africa, Togo, Uganda and Zimbabwe
**Representatives from Bahamas, Bermuda, Jamaica and Trinidad
***Representatives from Bahrain, Egypt, Jordan, KSA, Kuwait, Lebanon, Oman, Qatar and UAE.
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