What CEOs in emerging markets expect from the future.
High-level executives in emerging markets worldwide are adopting a cautious, back-to-basics approach towards growth and expansion in 2023, while making the bottom line their priority, amid geopolitical uncertainty and tight financial conditions, according to the latest Global CEO Survey carried out by the global research and advisory company Oxford Business Group (OBG).
Titled ‘Future Focused: What CEOs see on the Horizon for Emerging Markets in 2023’, the survey gauges the views of more than 200 executives from Africa, Asia, the Gulf, Latin America and the Caribbean on their near-term expectations for business.
OBG’s first Global CEO Survey since 2019 is accompanied by an in-depth analysis of the findings, together with an introductory viewpoint by Oliver Cornock, the Group’s editor-in-chief. In addition, OBG’s regional editors comment in de
tail on the results for the markets they oversee. The survey can be viewed in full here.
Almost half of executives surveyed said they expected business conditions in their market to improve in 2023, with commodity price fluctuations cited as the biggest challenge faced, followed by exchange rate volatility and supply chain disruption.
Business leaders were also asked about their forecasts for revenue from in-country operations and the factors they thought risked negatively affecting corporate performance ...