Financial Pros Worried About Financial Uncertainty and Risks from Inflation, Supply Chain Disruptions
What’s the biggest headache for corporate finance executives these days?
No surprise –it’s the unpredictable global economy.
According to a recent poll of 435 CFOs, corporate treasurers and other senior finance executives, nearly three-fourths (72 percent) agreed their top concern is managing financial uncertainty, including the risks associated with credit, liquidity, interest rates and currency/foreign exchange.
In addition, more than one-third of respondents are worried about risks associated with:
- macroeconomic conditions, such as the pace of economic growth and inflation (38 percent)
- business/operations, including supply chain and/or production disruptions, litigation, labor and outsourcing (36 percent)
External risks (country, regulatory, natural disaster) and commodity risks (power/heat, crude oil & distillates, agricultural and metals) also emerged as concerns for a significant share of the organizations polled, but to a lesser degree.
And, four in ten respondents (41 percent) said they expect even more earnings uncertainty in the coming years.
The survey results, released last month by the Association for Financial Professionals (AFP), also revealed that: (more…)