Inflation and ongoing market volatility remain the primary concerns of business leaders of mid-sized corporates and organizations surveyed byOf approximately 500 survey respondents, globally, a majority ranked inflation and market volatility as the two primary factors challenging the wellbeing of their business followed by the regulatory environment and trade.
Key findings from the data collected in the survey, on a global basis indicated that inflation represented the most threatening factor to the respondents’ businesses. 72 per cent of those surveyed agreed that managing costs or keeping costs down is the biggest challenge to business success they face today.
27 per cent of respondents say that they are either somewhat dissatisfied or extremely dissatisfied with progress they have made with their financial goals in 2023. Global Head of Citi Commercial Bank, Tasnim Ghiawadwala,commented, “It comes as no surprise that inflation and market volatility are front of mind for companies across industries worldwide. Inflation has touched everything from operations to financial or human resource planning, even inventory and supply chain processes. It is impacting long-term strategic planning and vision making it critical that mid-sized corporates be nimble and flexible with the market.