Optimism amid uncertainty
Findings from the first Deloitte Private global survey of private sector leaders
Eighty-nine percent of global private companies are confident in their business’ success over the next two years, despite increased uncertainty.
As global economies grow in sync for the first time in a decade, optimism surpasses uncertainty among private companies when it comes to their expectations and investment plans. In its inaugural report, “Global perspectives for private companies: Plans, priorities, and expectations,” Deloitte Private reveals that two-thirds of private company executives across the globe believe their revenue will rise in the year ahead.
Surveying almost 1,900 executives in 30 countries, the majority of respondents expect revenue, profits, productivity, and capital investments to increase in the year ahead. Additionally, 45 percent expect to hire more full-time employees. Despite these expectations, 53 percent of respondents perceive a greater level of uncertainty around their future business prospects.
“The optimism of private companies worldwide reflects an economic alignment taking hold for the first time in years,” said Mark Whitmore, Deloitte Private Global Leader, Deloitte Canada. “In the face of increased uncertainty, private companies seem to be leveraging their inherent agility to gain a competitive edge.”
Key themes from the report:
- Uncertainty over business prospects
- Greater emphasis on international markets
- Countering disruption with technology
- Game-changing talent investments
- Increased appetite for mergers and acquisitions (M&A) growth