Most CEOs Expect High Inflation to Last into 2023

According to the C-Suite Outlook 2022, a new report based on a survey of CEOs around the world conducted by The Conference Board, inflation jumped to the second-highest external threat to business from the 22^nd. Most respondents, including 95 percent of CEOs in manufacturing, say they’re currently facing upward pricing pressure for inputs (e.g., raw materials, wages) due to supply chain bottlenecks, labor shortages, and volatile energy prices.

Inflation concerns were largely universal across the globe. 93 percent of CEOs in China said they are facing upward price pressures, while 78 percent in Europe, 77 percent in Japan, and 74 percent in the United States cited strong pressures. These executives also had similar expectations about the duration of the price pressures they are experiencing, with many expecting elevated price pressures to last through mid-2023 or beyond 2023.

For more information about issues CEOs are most concerned about around the globe, please see our new report, C-Suite Outlook 2022: Reset and Reimagine