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Business leaders confident about resilience of their firms


Business leaders confident about resilience of their firms
DUBAI, 4 hours, 11 minutes
ago
A significant 84% of Middle East respondents to a survey reported general confidence and pride about their organisation’s pandemic crisis management programme and communication, compared with 71% globally.
Titled “Building a more resilient tomorrow, today”, Middle East findings of the Global Crisis Survey by professional services group PwC examines how Middle East business leaders and organisations  prepared for and responded to the unprecedented disruption of Covid-19 and, significantly, what actions helped companies to emerge stronger.
The survey findings revealed that Middle East organisations had less of a negative impact as a result of the pandemic, with 41% responding that it had a positive impact, compared to only 20% globally. ....

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Majority believe business impacted due to pandemic


Alex Tan, partner, cyber & forensics and crisis leader, PwC Malaysia said the survey data and insights provide an important snapshot to a unique moment in time, and with the benefit of hindsight, it allows the creation of a roadmap for rethinking and strengthening resilience capabilities.
KUALA LUMPUR: PricewaterhouseCoopers (PwC)’s second Global Crisis Survey revealed that 83% of its respondents believed that business was negatively impacted by the Covid-19 pandemic, but only 47% felt that they were well-prepared for the crisis.
Alex Tan, partner, cyber & forensics and crisis leader, PwC Malaysia said the survey data and insights provide an important snapshot to a unique moment in time, and with the benefit of hindsight, it allows the creation of a roadmap for rethinking and strengthening resilience capabilities. ....

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PwC: 73 percent of business leaders say business has been affected by the health crisis, but less severely than anticipated


Almost three quarters (73 percent) of the business leaders who responded to a survey said that their business had been affected by the health crisis, but that the effect had not been quite as severe as they anticipated in March 2020. At that time, 99 percent of companies expected a negative impact, according to PwC’s Global Crisis Survey 2021. For 20 percent of global organisations, the crisis has had a positive impact, with their business being in a better place today than it was before the start of the pandemic.
“Two years ago, in the first report published on this topic, the vast majority (95 percent) of respondents predicted that a crisis would occur in the next two years, but, at that time, a pandemic was not included in the list of possible causes. Although the effect has not been as severe as anticipated, the consequences of the pandemic restrictions are unprecedented and uncertainty remains. Organisations need an agile and flexible approach to addressing various un ....

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