CEOs Say Their Companies Won't Survive 10 Years. Here's Why.

Benzinga

A PwC survey of over 4,700 CEOs worldwide found more executives feeling optimistic about the global economy but also worried their companies won't survive 10 years without major changes. Thirty-eight percent were positive on the economy, up from 18% last year, but 45% feared their business won't be viable without reinventing due to AI and climate challenges, up from 39%. Seventy-five percent of executives expect AI to majorly alter their business within three years, but they also worry about the need for staff training and increased cybersecurity and misinformation risks.

Transcript

00:00 It's Benzinga and here's what's on the block.

00:02 A PwC survey of over 4,700 CEOs worldwide found more executives feeling optimistic about the

00:08 global economy but also worried their companies won't survive 10 years without major changes.

00:13 38% were positive on the economy, up from 18% last year, but 45% feared their businesses

00:19 won't be viable without reinventing due to AI and climate challenges, up from 39%.

00:24 75% of executives expect AI to majorly alter their businesses within three years,

00:30 but they also worry about the need for staff training and increased cyber security and

00:33 misinformation risk. The PwC survey reveals CEOs view the climate transition as both a chance and

00:40 a challenge, with a third expecting operational shifts due to climate change and most taking

00:44 energy efficiency steps, yet less than half integrating climate risk into financial planning.

00:49 For all things money, visit Benzinga.com.

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