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Economic outlook

Irish CEOs more confident than global peers but have inflation and supply chain concerns

The Irish Economy

Over two-thirds (68 percent) of Irish CEOs expect the Irish economy to avoid recession in the year ahead

Global outlook

Despite geopolitical and economic challenges, global economic confidence over the next 3 years is at 71 percent

Managing geopolitics

Geopolitical uncertainty is impacting strategy - 81 percent of global CEOs are adjusting or planning to adjust risk management procedures

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CEOs are directing digital investment to drive growth but often need to act faster

Emerging tech

Disruptive technology has emerged as the number one risk to organisational growth worldwide

Staying on track

64 percent of Irish CEOs say they need to be quicker to shift investment to digital opportunities

Cyber as a strategic function

Information security is a strategic function and a potential source of competitive advantage for 72 percent of Irish CEOs

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CEOs are exploring the future of work with an emphasis on the office at the centre

Talent a top priority

72 percent of Irish CEOs say retaining talent in the context of inflationary pressures is impacting on their business optimism over the next 3 years

Caution on hiring

39 percent of global CEOs and 32 percent of Irish CEOs have implemented a hiring freeze in the past 6 months

Experimenting with flexibility

Remote working has had a positive impact on productivity according to 64 percent of Irish CEOs

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CEOs are increasingly recognising the impact and value of ESG on profit and reputation

Connecting to profitability

44 percent of Irish CEOs agree that ESG programmes improve financial performance, an increase from 32 percent last year

Impact on supply chains

CEOs everywhere increasingly see reporting and transparency as important to their ESG goals — including supply chain insight

Under the microscope

76 percent of Irish CEOs expect to see more stakeholder scrutiny of ESG progress

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Economic and commercial category
CEO Outlook 2022
25 min read

Growth strategies in turbulent times