The price point pressures caused by inflation are causing CEOs to worry, according to a survey conducted by the Conference Board, a nonprofit business research group.
The survey asked 1,614 C-suite executives, including 900 CEOs, about their biggest concerns for the year ahead, between October through November of 2021.
Fifty-five percent of CEOs said pressures caused by inflation will last to mid-2023 or beyond, and inflation now represents the second most concerning element for CEOs worldwide, up from 22nd in 2021. Supply chain disruptions were also expected to be a high-impact factor going forward in 2021. Labor shortages, however, stood at the top of list of potentially disruptive forces.
Climate change also was seen as a long-term risk for CEOs. Cybersecurity was also cited, sitting at No. 5 on the list of 2022 challenges for U.S. CEOs.