Emerging technologies, globalisation and rising geopolitical risks and uncertainties are challenging companies’ growth plans in new ways.
“Can shifting sands be a solid foundation for growth?” EY asked, and commissioned Euromoney Institutional Investor Thought Leadership to investigate.
A 100% C-suite survey of 2,340 executives from 30 countries and with annual revenues of US$1m–US$3bn revealed that middle market leaders remain confident. Almost 90% of respondents see uncertainty as providing growth opportunities.
About a third of all companies surveyed are planning to grow between 6%–10% this year. A significant one in six (14%) has even higher growth ambitions of over 16%.
While technology is among the top two challenges facing the middle market C-suite (alongside talent), it is also a key component to improve productivity, increase profitability, and achieve growth.
The survey results can be accessed on the EY Growth Barometer website.